Vincent Boland: Toshiba needs to be rescued from itself as it all goes wrong yet again
Aggression towards outside investors is a sign that the Japanese heavyweight is sinking from the burden of ossified governance structures and misplaced loyalties
This was the year when everything was supposed to start going right at Toshiba, for a change. In January, the one-time crown jewel of Japan’s once-mighty technology industry was readmitted to the top rank of companies listed on the Tokyo stock exchange, after years of scandals, rising debt and heavy losses led to its demotion to a lower tier in 2017.
Toshiba’s share price was rising in anticipation of the return to Tokyo’s main...
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Vincent Boland: In the age of passive investing, there is a place for aggressive activism
It has been a watershed year for activist investors as some of the world’s largest corporations such as Exxon, Shell and Danone found their boards under siege. And the activists now have secretive world of commodity trading in their sights
Vincent Boland: Europe’s most unloved sector beginning to attract advances
The competition-heavy, investment-light approach to the once heavyweight sector has led it to near-extinction. Is the interest of US private equity firm KKR likely to bring one such casualty, Telecom Italia, back from the brink?
Vincent Boland: The current chill doesn’t have to lead to another Cold War
Last week’s first meeting between US president Joe Biden and Chinese leader Xi Jinping did little to reduce the gulf between the two superpowers but there are some reasons to hope that the world can avoid a prolonged conflict
Vincent Boland: Japanese finance’s favourite Son loses knack of picking winners
Masayoshi Son’s attempt to reinvigorate his beloved SoftBank by mounting a share buyback is a lame attempt to rouse it out of its own inertia