The Economist (January 25)
2020/ 01/ 27 by jd in Global News
Toshiba has threatened “to block the takeover” of Toshiba Machine by Yoshiaki Murakami with a new share issue. This “should alarm anyone who cares about how Japanese firms are run.” Last year, Japanese corporations held cash in excess of ¥446 trillion, “even after they had bought back a record ¥6.5trn in shares the year before.” This “reluctance to part with cash shortchanges investors in Japan by ¥16trn a year.”
Tags: Alarm, Cash, Investors, Japan, Murakami, Share issue, Takeover, Threatened, Toshiba, Toshiba Machine
