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    This is so great!

    Not long ago, the only disturbances at Japanese shareholders meetings came from sokaiya racketeers.

    That era ended Wednesday with round after round of tongue-lashings from legitimate shareholders fed up with deceit, waste and simple incompetence of management.

    Of companies that closed their books at the end of March and are listed on the Tokyo Stock Exchange, 1,072, or 59.8 percent, held their shareholders meetings on Wednesday.

    It was the first time for the number to fall below 60 percent.

    Amid a series of scandals and heightened interest in corporate takeovers, there was a significant increase in the number of individual shareholders at the meetings, many of whom took management to task.

    (Nikkei version in Japanese here.)

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