Financial Times FT.com

Nuclear could help Toshiba chief stand out

By Robin Harding in Tokyo and Paul Betts

Published: June 24 2009 20:54 | Last updated: June 24 2009 20:54

Toshiba’s $5.4bn purchase of Westinghouse, the US nuclear company, has been good for Norio Sasaki. He led that deal in 2006, and its successful completion led to a rapid ascent through the executive ranks, which culminated on Wednesday when he became Toshiba’s president.

Yet the Westinghouse purchase still has a lot to prove. Toshiba paid a full price when it was already clear that climate change was prompting a nuclear resurgence. Like nuclear power itself, meanwhile, the true costs and benefits of the investment will not be clear for years, because of the decades it takes for a reactor to go from glint in a politician’s eye to concrete-and-steel reality.

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