Investor Discontent Rises at Japan Shipping Lines on Losses
- Kawasaki Kisen CEO gets fewer votes at shareholder meeting
- Mitsui OSK chief also has lower popularity among shareholders
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As Japan’s shipping lines struggle with losses, the chief executives of companies are facing rough seas with fewer shareholders wanting them at the helm.
Eizo Murakami, president of Kawasaki Kisen Kaisha Ltd., the nation’s third-biggest shipping company by market value, will continue in his job for a second year with only 57 percent of shareholders favoring him, versus 86 percent last year, company records showed Tuesday. Support for Junichiro Ikeda, president of bigger rival Mitsui OSK Lines Ltd., tumbled to 77 percent from 98 percent a year earlier.