The Story about T. Boone Pickens Taking on the Japanese "Keiretsu" System. A Failed Foreign Activist Campaign Still Haunting Japan's Market of Corporate Control Three Decades Later.
Excellent read. I may have found my new favorite Substack. Japan is super fascinating as a value investor, but is fraught with corporate governance issues. It's gotten better, but the pace of change is incredibly slow.
Thanks for commenting!
Unfortunately, I don't know of any..
Interesting read, thank you. Do you know of any investors who have tried smaller friendly activist campaigns?
It feels like Japan has so many companies that a small amount of capital efficiency could drastically improve.
Excellent read. I may have found my new favorite Substack. Japan is super fascinating as a value investor, but is fraught with corporate governance issues. It's gotten better, but the pace of change is incredibly slow.
Thanks.
Regards. CG I do not agree. The generalization is definitely wrong!
Having said that, it is also exactly this misconception that puts another interesting layer into value investing in Japan.