Toyota Motor Chairman Akio Toyoda’s plan to buy out Toyota Industries has won over Dalton Investments. This buyout attempt prioritizes shareholders first, unlike in the past, when Japanese companies prioritized employees over shareholders, according to Dalton Investment’s CIO, Jamie Rosenwald. “Shareholders were at the bottom of the totem pole,” Rosenwald said. “What Toyoda is doing is turning that totem pole upside down.” Toyota Industries could become an example of how investors can push for change, which is exciting for Rosenwald. “Other people in Japan will see this as an opportunity to actually buy Japanese companies at a reasonable price, and all shareholders will benefit,” Rosenwald said. “I think that’s just fantastic.” Read the article here.
