Toshiba Board Removes 2 Directors Amid Scandal Linked to Prime Minister thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
May 24, 2021
It was the rarest of public appearances. At Toshiba Corp.’s extraordinary general meeting in March, a lawyer, who didn’t give his name, talked for four minutes about why shareholders’ rights should never be infringed.
He was speaking on behalf of Effissimo Capital Management Pte, a secretive hedge fund that had avoided the spotlight for almost 15 years. Now it was coming out into the open, if only slightly, to spearhead a campaign to bring change at the conglomerate and, by extension, corporate Japan.
Effissimo’s victory over Toshiba’s management in that March 18 shareholder vote was a landmark moment both for Japan Inc. and the hedge fund, whose guarded actions have long been the subject of intrigue.
Secretive Hedge Fund Ends Years of Silence to Take On Japan Icon
May 23 2021, 11:32 PM
May 23 2021, 9:30 PM
May 23 2021, 11:32 PM
(Bloomberg) It was the rarest of public appearances. At Toshiba Corp.âs extraordinary general meeting in March, a lawyer, who didnât give his name, talked for four minutes about why shareholdersâ rights should never be infringed.
(Bloomberg) It was the rarest of public appearances. At Toshiba Corp.âs extraordinary general meeting in March, a lawyer, who didnât give his name, talked for four minutes about why shareholdersâ rights should never be infringed.
He was speaking on behalf of Effissimo Capital Management Pte, a secretive hedge fund that had avoided the spotlight for almost 15 years. Now it was coming out into the open, if only slightly, to spearhead a campaign to bring change at the conglomerate and by extension corporate Japan.
Toshiba CEO Resigns Amid Boardroom Chaos, Private-Equity Bids thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.