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Shareholders will vote on two proposals: one, from Toshiba, asks them to support a two-way split; a competing one, put forward by 3D, calls for the company to reconsider alternatives.
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 Ma...
Rep. Carlos Isagani Zarate (Bayan Muna Party list Facebook page / MANILA BULLETIN FILE PHOTO) In a statement Sunday, Zarate said the P1,000 second tranche increase for SSS members was approved in January 2017 under the leadership of then-SSS chairman Amado Valdez. “Using its already long discredited excuse of depleting fund life in exchange for the very lives of their pensioners is the height of callousness and insensitivity, especially in this pandemic…that (has) hit even more our senior citizens or elderly people,” Zarate said. The Deputy Minority leader brushed off as mere “scare ...