$this->bbcode_second_pass_quote('', '[')b]Tepco Chief Pressured to Quit After Costing Holders $26 Billion
By Shigeru Sato, James Paton and Yuriy Humber / Bloomberg / Mar 27, 2011
Tokyo Electric Power Co. President Masataka Shimizu is facing calls to quit after the crisis at the utility’s Fukushima Dai-Ichi nuclear plant capped a tenure that has seen $26 billion wiped off the company’s market value.
... Shimizu pledged three years ago to “regain trust” in nuclear power after a 2007 earthquake shut his company’s biggest atomic plant at Kashiwazaki Kariwa. The disaster that’s unfolded at Fukushima Dai-Ichi since the 9.0-magnitude temblor has destroyed any chance he had of success.
... Tepco’s market value has dropped from about 3.5 trillion yen in June 2008 to 1.4 trillion yen as of March 24, during which time the number of shares in issue has increased about 19 percent, based on Tepco earnings filings.

