Japan Pushed Firms to Court Investors. Toshiba Preferred to ‘Beat Them Up.’

The industrial giant is in chaos after a hedge fund forced it to expose its collusion with high-level officials to thwart shareholder activism.

By Ben Dooley

TOKYO — Last year, when a little-known investment firm called for some new blood on the board of the faded Japanese industrial giant Toshiba, the company’s leadership was less than receptive.

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