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In Japan Inc, activist investors come in from the cold


Publishing date: Apr 20, 2021  •  2 hours ago  •  3 minute read  • 
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TOKYO Yasuo Takeuchi remembers the horror he felt in 2017 when, as chief financial officer of Japan’s Olympus Corp, he was told an activist investor had taken a stake in the company: the barbarians were at the gate.
But as he listened to proposals from ValueAct Capital, Takeuchi began to see the San Francisco-based fund as a potential catalyst for change at Olympus, which was still reeling from an accounting scandal and, he believed, remained too domestic in its outlook.
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