Daughter Retains Reins of Furniture Retailer After Proxy Fight Against Father

TOKYO, JAPAN - MARCH 27: Japanese furniture retailer Otsuka Kagu president Kumiko Otsuka attends a press conference after the shareholders' meeting on March 27, 2015 in Tokyo, Japan. A high-profile family feud between the chairman and the president of a leading furniture retailer ended with the latter's victory in a proxy fight at the company's annual shareholders' meeting. Kumiko Otsuka, 47, will stay as president while her father Katsuhisa, 71, will step down and leave the board, which he founded. Even though Kumiko triumphed, the bad blood between the two looks likely to continue in coming months. Despite his loss in the proxy fight, Katsuhisa remains a leading shareholder, controlling 19 percent of voting rights. (Photo by The Asahi Shimbun via Getty Images)
TOKYO, JAPAN - MARCH 27: Japanese furniture retailer Otsuka Kagu president Kumiko Otsuka attends a press conference after the shareholders' meeting on March 27, 2015 in Tokyo, Japan. A high-profile family feud between the chairman and the president of a leading furniture retailer ended with the latter's victory in a proxy fight at the company's annual shareholders' meeting. Kumiko Otsuka, 47, will stay as president while her father Katsuhisa, 71, will step down and leave the board, which he founded. Even though Kumiko triumphed, the bad blood between the two looks likely to continue in coming months. Despite his loss in the proxy fight, Katsuhisa remains a leading shareholder, controlling 19 percent of voting rights. (Photo by The Asahi Shimbun via Getty Images)
Daughter Retains Reins of Furniture Retailer After Proxy Fight Against Father
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Credit:
The Asahi Shimbun / Contributor
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467758104
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The Asahi Shimbun
Date created:
March 27, 2015
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The Asahi Shimbun
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