Deals
Loeb Prevails in Latest Crusade to Reform Corporate Japan
- Seven & i Chairman and CEO Toshifumi Suzuki stepping down
- Loeb said Suzuki pushed for succession `grounded in nepotism'
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The idea of an octogenarian CEO in questionable health ousting a potential successor to make way for his own son would be met by hackles, maybe even outright laughter, by many corporate governance experts and shareholder activists in the U.S. and Europe.