Aug
26
The Star Businessman Who Ignores His Investors to Make Them Rich
By-
Matsumoto, former Calbee CEO, says shareholders must come last
- Veteran executive says investor-first focus leads to scandals
When Akira Matsumoto speaks, investors hang on his every word. And here’s what he tells them: you’re less important than everyone else.
The diminutive 71-year-old can get away with it because of his status in the Japanese business world, where he’s known for his two decades of successfully running big-name companies. At the food group Calbee Inc., for example, Matsumoto almost doubled sales and increased operating profit sixfold in his nine years in charge. The shares tanked when investors heard he was leaving…
The Star Businessman Who Ignores His Investors to Make Them Rich
