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Opinion

Japan's original shareholder activist outshines his rivals

Yoshiaki Murakami's second act has the same script but in a different theater

| Japan
Yoshiaki Murakami, pictured here, has the luxury of making bets with his own capital. (Photo by Kaisuke Ota)

Stephen Givens is a corporate lawyer based in Tokyo.

In his second act as "activist" investor after his dubious conviction for insider trading in 2007, Yoshiaki Murakami has followed the same script as in Act I but with decidedly better results. What has changed is not Murakami's script but the nature of the theater.

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