Japanese robot stockholders rebel!
“ROBOTIC” is the one word to describe Japanese stockholders until recently. The stockholders were a rubberstamp for management malfeasance that cold be best described in one word as “ZOMBIE”.
Yep, Robotic Zombie Companies now shake in fear as stockholders demand some return on their investment which was denied to them.
Fanuc proposed takeover defense voted down by shareholders
TOKYO — Fanuc Ltd became the third company, after Tokyo Electron Ltd and Yokogawa Electric Corp, to see its proposed anti-takeover measure tossed out by shareholders in recent weeks, the Nihon Keizai Shimbun reported. Fanuc, the world’s largest industrial robot maker, had sought to revised its charter to allow management to increase the number of issued shares 2.3 fold as a defense against an unsolicited takeover offer.…more….
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