There is a huge difference between designing and servicing nuclear reactors and building large concrete and steel structures. Neither Westinghouse nor Toshiba appear to have the corporate culture that is traditionally required for success in very large, multinational, multijurisdictional regulated construction projects. Unfortunately for Toshiba and its shareholders, Westinghouse's settlement with its former partner and customer put the cost burden squarely on Toshiba and doesn't appear to allow it to mitigate the damage by sharing responsibility or passing the added costs to its customers. From all reports, Westinghouse accepted the settlement in order to allow it avoid any more costly and distracting time in court and move one to complete a much delayed group of major construction projects. Those losses are directly related to company's decision to press forward and accept a risky settlement in a contentious legal battle over responsibility for project delays. nuclear industry, it is probably impossible for him to avoid primary responsibility for the huge losses his company faces. There has been speculation that he will be resigning along with Shigenori Shiga.Īs admirable and inspirational a leader as he has been for Westinghouse and the U.S. There is no word yet on the fate of Westinghouse's popular CEO, Danny Roderick.
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