David Rubenstein, an analyst at Shared Research Inc. in Tokyo, was skeptical of the atomic focus ever since he started covering Toshiba in 2007, just a year after the Westinghouse acquisition.
“From the start I had a negative impression of the nuclear business,” Rubenstein said. “The purchase price didn’t make sense. It looked like a huge risk and that was without Fukushima.”
This article was provided by Bloomberg News.