View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 10, 2005

Tokyo Stock Exchange reacts to systems failure

In response to its recent system failure, The Tokyo Stock Exchange has decided to impose pay cuts of between 10% and 20% on nine of its senior executives, as well as a 50% cut on its president, Takuo Tsurushima.

By CBR Staff Writer

The system failure, which shut down trading for around four hours in early November, was a major embarrassment for the exchange and was subsequently blamed on Fujitsu, the company who had recently upgraded its system. Mr Tsurushima said that the exchange was still trying to ascertain Fujitsu’s level of culpability, and once done it would consider whether or not to seek financial compensation.

Fujitsu has said it is investigating the incident and will soon decide if any of its staff should face disciplinary action for what occurred.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU