Air-punching shareholders teach Toshiba a lesson

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• Benes Nicholas

  公益社団法人会社役員育成機構 (BDTI) 代表理事 (Representative Director)

  ・2021年03月31日

  This is so true.
  
  ”Toshiba could very easily have given its largest shareholder, Effissimo, the independent investigation it asked for without the humiliation of an extraordinary general meeting, a failed anti-activist campaign by Goldman Sachs and a vote that unified activists and the traditionally more laissez-faire investors against management. But, in its heart, this is a company that cannot abide the idea of being pushed around by its owners. For most of its existence, Toshiba would have got away with that, but it badly misjudged the times, costing it dear.”