Does banker Mark Carney have his eyes on Canada s top prize? Reuters 2 hrs ago
By David Ljunggren
OTTAWA, April 15 (Reuters) - Mark Carney, who has led central banks in two Group of Seven nations, may be running out of time to enter politics in his native Canada and become a contender to replace Prime Minister Justin Trudeau.
Speculation is rising inside the ruling Liberal Party that Carney may be seeking to position himself as a successor to Trudeau, who has governed Canada since 2015. Winning a seat in the House of Commons is seen as a required first step, as the Liberals have rarely chosen a leader from outside its ranks in the past century.
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate's shares surged on reports that more suitors were planning offers.
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By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate s shares surged on reports that more suitors were planning offers.
Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement. The statement gave no reason for the resignation but Kurumatani has come under much fire over the bid from CVC, his former employer, and his testy relations with the company s large activist shareholder base. A news conference is planned at 12.30 local time. (0330 GMT) His departure could upend CVC s offer last week to take Toshiba private at a time when rival suitors are said to be weighing bids.
Apr 14, 2021
Toshiba Corp.’s Chief Executive Officer Nobuaki Kurumatani will be replaced by Chairman Satoshi Tsunakawa, an abrupt leadership reshuffle that casts doubt over buyout offers that could value the Japanese icon at around ¥2.3 trillion.
Toshiba said the changes are effective immediately in an announcement Wednesday. The company will soon begin considering successors for Tsunakawa, who returns to the CEO job he held previously, said Osamu Nagayama, chairperson of the board, during a news conference in Tokyo.
The decision came as factions within the conglomerate mounted resistance to a preliminary buyout offer from CVC Capital Partners where Kurumatani previously worked as Asia chief. Some executives felt the offer undervalued a storied Japanese corporation that still held valuable energy and semiconductor assets, according to people familiar with matter, who declined to be identified discussing internal issues. Separately, private equity firm KKR & Co. is ex