Ever so polite; Japanese corporate raiders.(Business)(Brief Article)
Economist (US), The, February, 2001
THE next time you are reminded that hostile takeovers are not done in Japan, mention "Nottori" Keita. Born in 1882, Keita "The Raider" Goto was the colourful founder of the Tokyu empire. Although he started off with a small railway company in the 1920s, he gradually built this up through a string of takeovers and mergers into a sprawling conglomerate. Mr Goto is best known for his hostile takeover of Shirokiya, a troubled department store in the heart of Tokyo in the 1950s. Now, half a century later, the spirit of "Nottori" Keita is making a bit of a comeback.
This is not the first time that such a change in Japan's dozy corporate culture has been predicted. Huge shifts are taking place beneath the calm surface of Japanese business, but they are glacially slow...
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