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Case
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Reference no. 9-291-027
Published by: Harvard Business Publishing
Originally published in: 1991
Version: 10 July 1992
Length: 15 pages
Data source: Published sources

Abstract

Having acquired a 26% stake in Koito Manufacturing, a Japanese automotive parts supplier in the Toyota Group, T Boone Pickens seeks a seat on Koito's board of directors. Koito's management resists, claiming Pickens is an unhelpful greenmailer, not a true long-term investor. The struggle between the two provides students with a chance to compare and contrast American and Japanese corporate governance practices. Debate centers on whether the Japanese system fosters efficiency or merely market power that reduces economic welfare.
Location:
Industry:
Size:
USD1 billion revenues
Other setting(s):
1990

About

Abstract

Having acquired a 26% stake in Koito Manufacturing, a Japanese automotive parts supplier in the Toyota Group, T Boone Pickens seeks a seat on Koito's board of directors. Koito's management resists, claiming Pickens is an unhelpful greenmailer, not a true long-term investor. The struggle between the two provides students with a chance to compare and contrast American and Japanese corporate governance practices. Debate centers on whether the Japanese system fosters efficiency or merely market power that reduces economic welfare.

Settings

Location:
Industry:
Size:
USD1 billion revenues
Other setting(s):
1990

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