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Last week two proxy advisory firms, Glass Lewis and Institutional Shareholder Services, recommended against re-electing Akio Toyoda as chairman. [1] I’m not su
by freetime2 2y ago
Last week two proxy advisory firms, Glass Lewis and Institutional Shareholder Services, recommended against re-electing Akio Toyoda as chairman. [1] I’m not sure what percentage of shares they control, but seems there is a chance he will be ousted or step down after all of the scandals at Daihatsu and now Toyota - much of which occurred when he was president and CEO at Toyota.
[1] https://www.reuters.com/business/autos-transportation/proxy-firm-glass-lewis-recommends-vote-against-toyota-chairman-2024-05-28/ https://www.reuters.com/business/autos-transportation/proxy-...
- SebFender 2y agoHa! There you go - a concrete impact. But what about employees that supported this situation?