Tepco Has Record Attendance at First Meeting Since Disaster
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Tokyo Electric Power Co. shareholders turned up in record numbers at their first meeting since the crisis at the company’s Fukushima Dai-Ichi nuclear plant wiped about $36 billion off its market value.
An earthquake and tsunami on March 11 caused meltdowns at the plant north of Tokyo, triggering the worst nuclear accident in 25 years. The catastrophe displaced 50,000 households after radiation leaked into the air, soil and sea. Shareholders of the company known as Tepco voted today to reject a proposal to abandon nuclear power and in support of 17 company nominees to the board.