Fujitsu Investors Grill Management
Investors in Fujitsu Ltd. grilled top executives Monday about the recent scandal surrounding the departure of a former president.
Management said it gave false information about the president’s dismissal, and apologized.
The meeting was shareholders’ first chance to voice opinions about the way the technology company handled the controversy over the departure of former President Kuniaki Nozoe.
Shareholders criticized managers for initially saying in September that Mr. Nozoe was stepping down because of illness. After Mr. Nozoe went public with a claim of wrongful dismissal, Fujitsu changed its explanation, saying he had associated with an investment fund with suspected ties to organized crime–claims that he denies.
“If the media hadn’t found out, would you have just kept the whole thing secret and kept sticking to illness as an explanation?” one investor demanded.
