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Toshiba chairman ousted in rare display of shareholder power in Japan

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Toshiba Corp (OTCMKTS:TOSYY) is part of a paradigm shift in Japan, analysts said, as a band of overseas activist investors led the surprise ousting of chairman Osamu Nagayama. After a tense three-hour shareholder meeting, which followed years of corporate missteps and scandal, the 74-year-old was voted out.

...read full article on Proactive Investors

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