New York Times (June 26)
“The ouster of the chairman, Osamu Nagayama, 74, represents a major win in a battle between Toshiba and foreign investors who have pushed the conservative company to clean up its governance. It is also a breakthrough in a broader effort to increase investor oversight of Japanese corporations, following a series of government-led changes meant to make companies more transparent and accountable.”
Tags: Battle, Breakthrough, Chairman, Clean-up, Conservative, Foreign investors, Governance, Government, Japanese corporations, Nagayama, Ouster, Oversight, Toshiba, Transparent, Win
BloombergQuint (May 31)
“Wednesday was a bad day for Big Oil, or a good one, depending on your point of view. They’re going to have to clean up their acts a lot faster than they were planning. Three of the world’s biggest publicly traded oil and gas companies — Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp. — were dealt stinging blows on May 26 by shareholders and a Dutch court demanding that they act more quickly to reduce their greenhouse gas emissions.”
Tags: Big oil, Chevron Corp., Clean-up, Dutch court, Emissions, Exxon Mobil Corp., Faster, GHG, Royal Dutch Shell Plc, Shareholders, Traded
The Economist (November 5)
“Once the Fukushima nuclear plant is stable, the government should temporarily nationalise its operator.” The Economist believes the government must “act fast to nationalise Tepco, and hold it temporarily in public ownership as it clears out the old management and oversees the clean-up. Then it should reprivatise a thoroughly reformed utility.”
Tags: Clean-up, Fukushima, Government, Management, Tepco
