. >> president tanaka attended an emergency board meeting on tuesday with norio sasaki and atsutoshi nishida. they told board members they were quitting. sasaki had been serving as vice chairman and nishida as an adviser to the board. on monday, members of a special panel released the findings of a investigation into irregularities at toshiba. in the report they blamed executives for inflating profits. they said there was a systematic problem at the firm that went all the way to the top. they also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about $1.2 billion. the panel members found irregularities in a wide range of toshiba's businesses, including infrastructure building, semiconductors, and personal computers. members of the panel met with reporters on tuesday after issuing the report. >> translator: we were shocked to discover that one of the most prominent companies in japan systematically padded its earnings. >> the panel leader also said a corporate culture that puts profit above anything else w at the root of the scandal. he added tha

. >> president tanaka attended an emergency board meeting with norio sasaki and atsutoshi nishida earlier in the day. sasaki has been serving as vice chairman and nishida as adviser to the board. a day earlier members of a special panel released the findings of wrong doing. they say there was a systemic problem at the firm that went all the way to the top. they also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about $1.2 billion. the panel members found irregularities in a wide range of toshiba's businesses includinginclude including semiconductors and personal computers. manages at the toshiba group oversee 200,000 employees around the world. they control the top share of nuclear power and have major stakes in other energy-related businesses. toshiba says chairman of the board miramachi will temporarily replace tanaka as president. now let's go to ramin mellegard at the business desk. that must mean toshiba's corporate culture has a lot to do with the predicament it's in now. >> that's right. and it's the uner workings of the company that is the

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including norio sasaki who was in charge for most of the six years. they are taking responsibility.id it comes down to them. on third party committee has been involved trying to piece of the puzzle together. manus: is it here article -- is it hierarchical? caroline: this external views saying it wasn't the president who thought to delay -- was the president who thought to delay and the workers he told to do this and cannot talk back and had to follow this party line. it is to stem it what are they called it. -- systemic is what they called in. the biggest since olympus. that was back in 2011. back into the 90's, bank of japan sent shivers. manus: i remember when that was like $4 billion sprint i am not putting get in the smaller basket. right now about $1.6 billion. what happens next with this brand? it is across a broad broad-spectrum. caroline: we understand it was in regularity, percentage of completion estimates of infrastructure. your project and nuclear, that is what it is related to. they are expanding the probe the looking at pc parts and computer parts. first of all, a new