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Aspex Urged Nidec to Keep CEO Before Shock Resignation
Summary by Hedgeweek
2 Articles
2 Articles
Nidec’s No. 3 Shareholder Pushed for Kishida to Remain as CEO
·New York, United States
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Aspex urged Nidec to keep CEO before shock resignation
Hedge fund Aspex Management had urged Nidec to retain chief executive Mitsuya Kishida to help steer the Japanese electric-motor maker through an accounting crisis and potential restructuring, shortly before his unexpected resignation was announced, according to a report by Bloomberg.Aspex, which says it holds about 7% of Nidec, sent a letter to the company's board on 28 September calling for Kishida to remain in the top job, provided he was deem…
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Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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