Tagged With "Mariko Watahiki"

Toshiba turmoil update Toshiba board of directors member, Mariko Watahiki (a former judge) stated that the company’s plan to appoint 2 directors representing activity investor groups lack “fairness and balance” and opposes their election If they are elected, activists would take up too much of the board “it’s impossible to avoid conflicts of interest” They would pursue short-term profit deal only “should give more board seats to people who have a deeper understanding of its business’

Toshiba turmoil update Reuters New Service is reporting that shareholders endorsed new members to the board of directors including 2 from hedge fund investors: Nabeel Bhanji from Elliott Management Eijiro Imai from Farallon Capital Management The hedge fund operators are supporting a buyout over a long term strategic approach The nominations are a sign that the company is becoming more receptive to the idea of being taken private External director, Mariko Watahiki, tendered her resignation...