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business

Toshiba investigators defend report; say Japanese official stonewalled

19 Comments
By Makiko Yamazaki

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19 Comments
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This investigators released a lot even with that much obscurity and censorship.

Today(Friday) there'll be the shareholders meeting, that potentially can bash the Japanese board of directors and crash the Japanese stock market.

This is bigger than toshiba.

5 ( +6 / -1 )

Ahhh... so this is what a mountain of cow dung looks like! seems to be a lot of similar mountains building up in Japan.

7 ( +7 / -0 )

"Today(Friday) there'll be the shareholders meeting, that potentially can bash the Japanese board of directors and crash the Japanese stock market."

The biggest foreign stockholder is only 7.4% of the total stock (hope you know what that entails).

Enough to crush and bash many posters feelings, that's all.

-10 ( +0 / -10 )

Overseas investors now account for around 50% of Toshiba's shareholders

src:

https://www.reuters.com/business/toshiba-board-chair-likely-scrape-through-with-reappointment-crucial-agm-sources-2021-06-22/

5 ( +5 / -0 )

Sounds like kindegarteners arguing.

1 ( +1 / -0 )

Mizuno, a board member of an American company?

1 ( +1 / -0 )

"Overseas investors now account for around 50% of Toshiba's shareholders"

And?"

1) They are still NOT in the majority.

2) No controlling majority,

3) No ownership.

4) The biggest overseas shareholder (biggest moaner too) accounts for a mere 7.4% of the stock

3) All of the above: FACTS.

-9 ( +0 / -9 )

3) No ownership.

do you even understand what a company share is?

9 ( +9 / -0 )

This is why Japanese stocks trade at a discount.

4 ( +5 / -1 )

Easy way to get the truth and bypass all these coverup attempts: ask the Harvard fund what happened.

1 ( +1 / -0 )

"do you even understand what a company share is?

Do you know the difference between preferential and ordinary shareholding?

Do you understand the concept of crystallisation?

I only talk when I know.

-7 ( +1 / -8 )

A senior METI official, Masayoshi Arai, said investigators presented a summary of Mizuno's comments despite being asked to show how his statements would be used in the report.

They also included comments they had been asked by Mizuno not to use, Arai said.

Oh dear. The investigators are not following Kasumigaseki's script.

4 ( +4 / -0 )

Do you even know what is the % required to pass a Special Resolution at a GM?

Do you know the remedies available to disgruntled shareholders?

I know.

-9 ( +0 / -9 )

We need to thoroughly investigate what happened.

1 ( +1 / -0 )

"so you don't say much then."

Au contraire; check my posting history.

Free knowledge in there, available

-5 ( +1 / -6 )

Do you even know what is the % required to pass a Special Resolution at a GM?

Who said anything about passing a special resolution?

A special resolution (requires 2/3 of votes) is necessary to dismiss a director.

But only an ordinary resolution (simple majority) is necessary to elect a director. You just need 51% of votes against a proposal to reelect a director.

3 ( +3 / -0 )

"reelect" → "not reelect" (which is kind of similar to dismissing).

1 ( +1 / -0 )

The biggest foreign stockholder is only 7.4% of the total stock (hope you know what that entails).

Enough to crush and bash many posters feelings, that's all

Well , Nagayama was just booted out as board chairman at the shareholders meeting so it seems those pesky " minor" foreign fund shareholders prevailed. Must be crushing some J- Inc fan feelings atm.

3 ( +3 / -0 )

"Who said anything about passing a special resolution?

A special resolution (requires 2/3 of votes) is necessary to dismiss a director.

But only an ordinary resolution (simple majority) is necessary to elect a director. You just need 51% of votes against a proposal to reelect a director."

I don't need Wiki to tell me any of this.

-2 ( +0 / -2 )

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