(The Business Insider) There’s a whole lot of shaking going on. For decades Japan Inc. has frustrated the efforts of just about every foreign shareholder activist who has tried to storm its gates. Beginning with T. Boone Pickens’s 1989 bid to get seats on the board of Koito Manufacturing Co., a Toyota parts supplier, Japanese companies have relied on insider board directors and passive domestic investors to block activists’ attempts to gain influence over strategy or increase dividend payouts. Today, however, activists are enjoying unprecedented success…..
A Wave Of Activist Hedge Funds Are Shaking Up Japan
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