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Four Toshiba Corp directors called on Friday for a shake-up of its management and board, in a sign of revolt after an investigation found the conglomerate colluded with the Japanese government to "beat up" foreign shareholders. The very public push-back by the independent directors, all non-Japanese, is the latest twist…
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The public pushback by the independent directors, all non-Japanese, shows how the old guard of Japan Inc. can no longer exert full control over shareholders.