Japan's government wants to replace the entire board of the operator of the crippled Fukushima nuclear plant in exchange for $12 billion of tax money to resuscitate the firm, a report said Saturday.
Authorities are planning to remove all 17 board members of giant private utility Tokyo Electric Power (TEPCO) at a shareholder meeting in June and name an outsider as the new chairman, the Mainichi Shimbun said.
TEPCO is trying to remain private while Industry Minister Yukio Edano has demanded management control in exchange for one trillion yen ($12 billion) in help. (AFP)
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