Tokyo Exchange Cuts Execs, Salaries
HUMAN FACTORS
TOKYO—For the first time in its history, the Tokyo Stock Exchange (TSE) witnessed the resignation of its president and CEO and two other executives in response to a trading error that the exchange's IT systems could not cancel, officials say.
Takuo Tsurishima, the now-former president and CEO of the TSE, was the first to go, effective Dec. 20, 2005 according to officials. The chairman of the TSE board, Taizo Nishimuro, has assumed Tsurushima's post, effective Dec. 21, officials say. Meanwhile
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