Toshiba invites foreigners to strut their stuff, says jgfarb:
Toshiba, under pressure from activist investors, said on May 13 that it had nominated seven new independent board members, including five international candidates and the company’s first non-Japanese directors in nearly 80 years.
The nominees include Paul Brough, the executive chairman of commodities trader Noble Group; Jerry Black, a senior adviser to retailer Aeon and the former chief executive of management consulting firm Kurt Salmon, and; George Zage, a senior adviser to the Asian division of hedge fund Farallon Capital.
One of the investors agitating for change at Toshiba, King Street Capital Management, had put forward its co-founder, Brian Higgins, for the board. Toshiba did not nominate him. The company also forecast 140 billion yen of profit for the year to March 2020, in line with a target set as part of its five-year plan.
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’s Board Move Will Give Foreigners a Greater VoiceToshiba said it was proposing to replace a majority of its board and add more international business leaders, acceding to demands made by foreign shareholders in the latest sign of activist shareholders’ growing influence in Japan.
Read more »
Toshiba reiterates annual profit outlook; LNG risk remainsToshiba Corp reiterated its annual operating profit outlook, predicting a four-f...
Read more »
Foreigners turn sellers of China A-shares on worries over trade war, less stimulusForeign buying of Chinese stocks has slowed significantly since March and turned...
Read more »
JPMorgan poised to be first foreigner to get majority in China fund ventureJPMorgan could become the first foreign company to own a majority stake in its C...
Read more »
TSA stops traveler with two-foot machete at security checkpoint: 'You can't make this stuff up'A TSA Public Affairs spokeswoman took to Twitter to share a shocking photo of a two-foot-long machete which was confiscated at a security checkpoint at Bradley International Airport in Connecticut.
Read more »
21 Bags From Walmart That Can Actually Carry All Your StuffThese bags can carry it ALL.
Read more »
China Invites U.S. Negotiators to Continue Trade Talks, White House Economics Adviser SaysChina has invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing to continue trade negotiations, White House economic adviser Larry Kudlow said.
Read more »
After Trump invite, Iran commander says: No talks with USTEHRAN, Iran (AP) — A top commander in Iran's powerful Revolutionary Guard said Friday that Tehran will not talk with the United States, an Iranian news agency reported — a day after President...
Read more »