Billionaire Daniel Loeb’s bid to break up Sony Corp. (6758) will need to overcome a history of failed efforts by activist investors in Japan … Even so, Sony’s international image and reputation for being open to foreign ideas, including having a non-Japanese CEO until recently, mean Loeb has a chance to make an impact, said John Buchanan, who co-authored a study of 49 shareholder initiatives between 2000 and 2008 at the Centre for Business Research at Cambridge University…”
Read the full article [businessweek.com]
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