Toshiba chair ousted in rare triumph for activist investors

Osamu Nagayama. Picture: Toshiba Corporation/Handout via REUTERS

Toshiba’s shares spiked as much as 1.7% before ending largely unchanged on Friday. While investors hailed the vote as a promising sign of change, the larger task of resuscitating the ailing 145-year-old giant remains ahead. Beyond finding ways to revive revenue growth, the new leadership will have to rebuild shareholder trust.

“We hope that today’s AGM marks the beginning of a new era at Toshiba — one that will be marked by a focus on value creation, transparency to all stakeholders and a renewed commitment to building trust with shareholders,” 3D Investment Partners Pte, one of the biggest holders of Toshiba stock, said in a statement. 3D welcomed the changes to the board and indicated its optimism about the firm’s future potential.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toshiba chair ousted in rare triumph for activist investorsShareholders voted to oust chairperson Osamu Nagayama, 74, as activist investors seek reform after years of scandal and allegations of mismanagement
Source: BDliveSA - 🏆 12. / 63 Read more »

Toshiba shareholders vote to oust board chairToshiba shareholders voted to oust the board's chairman on Friday, in the latest twist for the company after scandals and losses, and a rare victory Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. GregBdie thank you for your proper management,🙏🏻🙏🏻 Tears grips my heart knowing how hard I’ve struggled to find a legit trader.I never wanted to do this but I’ll be guilty if I don’t share this good news to people sharon_trad is the best trader so far Thanks for helping me and i will forever be grateful to you sharon_trad
Source: eNCA - 🏆 49. / 51 Read more »

World markets edge higher as investors waver over US ratesData due from Germany and statement due from Bank of England are uppermost in investors’ minds Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. GregBdie thank you for your proper management,🙏🏻🙏🏻
Source: BDliveSA - 🏆 12. / 63 Read more »

ESG shares are the next tech stocksInstitutional investors are likely to favour companies with sustainable business models
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH | COVID-19 | Gauteng didn't prepare properly - MAC ChairGauteng is bearing the brunt of the third wave, with nearly 11,000 infections recorded in 24 hours. And now the citizens must suffer over that😭 Will they ever prepare well Loving GarethEdwardsSA interview with Gauteng Health Portfolio chair .. that chick is clueless 😳
Source: eNCA - 🏆 49. / 51 Read more »

New chair Lawson Naidoo is well aware of the challenges facing Cricket SANew board seeks to stabilise the organisation and get input from stakeholders in first 100 days Did Naidoo ever played cricket himself and if he did, on what level?
Source: BDliveSA - 🏆 12. / 63 Read more »