, Columnist
Seven & I Battle Has Just Begun
Dethroning the retailer's aging CEO may make it harder to push for wider changes.
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Dan Loeb has won a notable battle in his drive to shake up corporate Japan. He still faces a long war.
When the Tokyo Stock Exchange opened on Thursday morning, the Third Point founder's plans to change the direction of 7-Eleven owner Seven & i looked in disarray. The Yomiuri newspaper had reported that the board was planning to replace Ryuichi Isaka as head of the company's convenience store business -- a snub to the New York-based fund manager, who'd recommended Isaka as a successor to 83-year-old Chairman and Chief Executive Officer Toshifumi Suzuki.