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(Bloomberg) Toshiba Corp. shareholders voted to oust Chairman of the Board Osamu Nagayama in a rare triumph for activist investors seeking fundamental reform after years of scandal and allegations of mismanagement.The surprise decision on Nagayama, the 74-year-old outside director some investors opposed publicly, came after a contentious meeting with shareholders that extended for nearly three hours. His departure marks a high point in the months-long campaign by largest shareholder Effissimo

Satoshi tsunakawaOsamu nagayamaJustin tangHideki yasudaNobuaki kurumataniChugai pharmaceutical coAce research instituteSony group corpBloomberg toshiba corpBoard osamu nagayamaEffissimo capital managementToshiba chief executive officer satoshi tsunakawaUnited first partnersDeeply disturbing toshiba report pointsChugai pharmaceuticalSpace research