UK Fund Seeks Removal of Two Executives at Tablet Maker Wacom
A Wacom store displaying graphic tablets and digital art tools in Taipei.
Photographer: Jimmy Beunardeau/Hans Lucas /AFP/Getty ImagesA UK investment fund is urging shareholders of pen tablet maker Wacom Co. to remove two top executives over the Japanese company’s weak performance and unsuccessful management moves.
In its shareholder proposals, Asset Value Investors Ltd. said that management actions have weakened the company’s business operations and share price, and said there was “improper use of corporate resources.”