In escalating clash, independent directors at Askul slam shareholder Yahoo Japan over vote
Independent directors of Askul Corp. criticized the company's biggest shareholder, Yahoo Japan Corp., for voting against their reappointment, escalating the public dispute before key meetings this week. The negative vote "trampled upon" corporate governance at Askul and makes it "almost impossible for independent directors to ...
Askul fight escalates as CEO says he will try to force top shareholder Yahoo Japan to sell its stake
The CEO of the office supplies provider says he has the right to demand the sale and will hold a board meeting to vote on the issue.
Yahoo Japan and Plus exercise their shareholder rights to oust Askul CEO
Yahoo Japan Corp. and Plus Corp. said Wednesday they have exercised their shareholder rights to oust four board members of stationery seller Askul Corp., including President and CEO Shoichiro Iwata. Askul shareholders are scheduled to meet Aug. 2. The moves by Yahoo and Plus, a ...
Askul CEO dismisses threat of ouster from top shareholder Yahoo Japan
Shoichiro Iwata, president and chief executive officer of Japanese stationery seller Askul Corp., on Thursday dismissed pressure from top shareholder Yahoo Japan Corp. to oust him. Yahoo's opposition to his reappointment is "an act of tyranny by a controlling shareholder and ignores the interests of ...
Renault SA Chairman Jean-Dominique Senard said Wednesday he was unhappy with a part of Nissan Motor Co.'s plans to bolster corporate governance following the arrest of former Chairman Carlos Ghosn. At an annual shareholders meeting in Paris, Senard said Renault CEO Thierry Bollore should be ...
Nissan CEO Hiroto Saikawa sought special deal on stock options in 2013, says former Ghosn aide
A former senior board member of Nissan Motor Co. said the company's current chief executive officer sought an exception on the sale of compensation-linked stock, which resulted in him earning a higher profit, according to a Japanese media report. Greg Kelly, who was arrested the ...
Suzuki Motor Corp. Chairman Osamu Suzuki will not receive executive remuneration for a one-year period starting in July as part of disciplinary measures following revelations of improper vehicle inspections, the automaker said Tuesday. President Toshihiro Suzuki will receive a 50 percent pay cut for six ...
Nissan projects weakest profit in a decade as Carlos Ghosn woes linger
Nissan Motor Co., trying to rebuild its tarnished reputation over failed corporate governance following the criminal investigation of two former executives, cut its operating profit outlook by a sharp 28 percent for fiscal 2019 to its lowest in a decade. At a news conference Tuesday ...
General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...
Japan's CEOs: underpaid and underwhelming
Atsushi Saito says Japanese corporate heads are underpaid and shun bold decisions for fear of missing out on cushy adviser roles after they retire.
Seiko CEO eyes premium watch market in a bid to bolster brand
With the opening of premium boutiques in key foreign cities including Tokyo, Seiko Watch Corp. is hoping to bolster its brand image to sell more high-priced products, the firm's president said. "Seiko Watch can grow overseas more and more," with a specific focus on Europe ...
Boeing President Muilenberg to take over controls from CEO McNerney
Boeing CEO Jim McNerney is stepping away from the controls after 10 years. The aircraft maker said Tuesday that President and Chief Operating Officer Dennis Muilenburg will become its new CEO on July 1. To ease the transition, McNerney will keep working at Boeing until ...
