Toys R Us is setting passwords for customers using its rewards program after account information was compromised in a hack during the holiday shopping season. Like millions of people, Tyger Dacosta fell victim to what has been described as the largest product recall in American history: the Takata airbag recall.
Category: Product Recalls
Takata’s $1 Billion Air-Bag Settlement Seen Removing Hurdle
Takata Corp.’s agreement to pay $1 billion to settle a criminal investigation removes a hurdle to the air-bag maker’s sale, which the company needs to continue operations and complete the biggest product recall in automotive history. The Tokyo-based company admitted to hiding the deadly risks of its air bags for about 15 years and agreed to plead guilty to one criminal charge in the settlement, according to court papers.
list-article
Nobody’s perfect and corporate executives are just like you and me. But when you’re running a publically traded company and billions in wealth is made or lost by a stock price swing, the stakes are much higher.