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CORPORATE GOVERNANCE

FSA to revoke Bigmotor’s registration as insurance agent

by Mark McDuffie
FSA to revoke Bigmotor’s registration as insurance agent

The Financial Services Agency plans to revoke major used car dealer Bigmotor’s registration as an insurance agent on Nov. 30 following revelations about its fraudulent auto insurance claims, financial services …

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Japan’s Cosmo braces for ‘poison pill’ anti-activist vote

by Mark McDuffie
Japan’s Cosmo braces for ‘poison pill’ anti-activist vote

Cosmo Energy Holdings could struggle to win shareholder backing for a revised “poison pill” strategy, its chief executive said on Friday, as the company seeks to defend itself from activist …

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Cosmo calls another shareholder vote in activist defense

by Mark McDuffie
Cosmo calls another shareholder vote in activist defense

Cosmo Energy Holdings said on Tuesday it would call another shareholder vote in December to seek approval for a “poison pill” takeover defense against a group of activist investors, escalating …

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Big Three CEOs Make 300 Times What Their Workers Make, Most Other Big Companies Aren’t As Bad

by Nevil Nickel
Big Three CEOs Make 300 Times What Their Workers Make, Most Other Big Companies Aren’t As Bad

Even before the United Auto Workers union went on strike on September 15th, UAW President Shawn Fain put the pay and raises of the Big Three CEOs in the limelight. …

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Japan fair trade body probes scandal-hit Bigmotor over subcontracts

by Mark McDuffie
Japan fair trade body probes scandal-hit Bigmotor over subcontracts

Japan’s Fair Trade Commission has launched an investigation into Bigmotor Co.’s business practices as the scandal-hit used car dealership and repair chain is suspected of infringing on the profits of …

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