Toshiba and GE breakups ask: Is the age of conglomerates over?

Japan group reflects investor clout, as empires pushed to justify sprawling ops

20211109N Toshiba

Toshiba has experienced a fraught relationship with shareholders, who voted down the reappointment of the company's old chairman this year. © Reuters

YOICHIRO HIROI, Nikkei staff writer

TOKYO -- As Toshiba prepares to split its operations into three distinct, listed companies, the group's fraught relationship with activist shareholders has come into sharp relief once again.

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