Deals
Shouting at Japan CEOs Still Losing Strategy, Fidelity Says
Employees work on the trading floor of the Tokyo Stock Exchange, operated by Japan Exchange Group Inc., in Tokyo, Japan, on Tuesday, June 16, 2015.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Foreign activists returning to Japan amid a push for better governance will get no further than they did last time by shouting for change.
That’s the view of Alex Treves, the head of equities at Fidelity Worldwide Investment in Tokyo. Even as company executives heed the government’s call to use capital more efficiently, they won’t put up with activists who piggyback on the governance push by aggressively making demands, he said.