ダルトン激白「日枝氏に無視された」「清水社長は決断できない」旧・村上ファンドの提言 “狙いはサンケイビル" フジHD株主総会、委任状争奪戦へ 大株主VS経営陣の全面対決【Exclusive】

TL;DR

Dalton criticizes Fuji Media's leadership and proposes shareholder democracy.

Transcript

Have you ever met hear the song? No. And I've written him letters asking to meet him multiple times. I think he threw them away. He's never responded. Huh? No. Dame gajin. Dame gajin. You know, it's okay. Nothing. No. No response. Nothing. No response. No. Yes. Response. Dame gajin. No thank you. Huh? No thank you. No rejection. No. Nothing. No. No... Read More

Key Insights

• Dalton's leader expresses frustration over being ignored by Fuji Media's executives, suggesting a lack of communication and willingness to negotiate.
• The meeting with Mr. Shimizu was disappointing for Dalton, as he felt Shimizu was unable to make decisions due to external pressures.
• Dalton proposed a collaborative all-star team approach to improve Fuji Media, but the suggestion was rejected in favor of internal selections.
• Dalton believes in shareholder democracy, comparing the situation to a sports team selection, where shareholders choose the best candidates.
• Dalton criticizes the perceived synergy between Fuji Media's real estate and media businesses, calling it non-existent and absurd.
• Dalton highlights the importance of cash reserves, questioning the necessity of Fuji Media's real estate assets when they have substantial cash holdings.
• Fuji Media's leadership is criticized for not engaging with influential stakeholders like Ayam Morakami, missing opportunities for strategic collaboration.
• Dalton's strategy is framed as an election rather than a proxy fight, emphasizing the shareholders' role in deciding the company's future.

Questions & Answers

Q: What was Dalton's main criticism of Fuji Media's leadership?

Dalton's main criticism of Fuji Media's leadership was their unwillingness to communicate and negotiate. The leadership ignored multiple requests for meetings and failed to consider collaborative solutions, such as forming an all-star team with Dalton's input. This lack of dialogue and decision-making ability was seen as detrimental to the company's future.

Q: How does Dalton view the relationship between media and real estate in Fuji Media?

Dalton views the relationship between media and real estate in Fuji Media as non-existent and absurd. They question the claimed synergy, arguing that there is no logical connection between media operations and real estate assets like hotels and commercial buildings. Dalton suggests that the focus should be on leveraging cash reserves for media-related investments.

Q: What is Dalton's proposed approach for Fuji Media's future?

Dalton proposes a shareholder democracy approach for Fuji Media's future, likening it to a sports team selection. They believe shareholders should have the power to choose the best candidates for leadership roles, creating an all-star team that can drive the company forward. This approach emphasizes transparency, collaboration, and strategic decision-making.

Q: What is the significance of cash reserves according to Dalton?

According to Dalton, cash reserves are significant because they provide Fuji Media with the flexibility to invest in new media ventures without relying on real estate assets. Dalton questions why Fuji Media needs to hold onto real estate when they have substantial cash reserves, suggesting that these funds should be used for more relevant media-related investments.

Q: How does Dalton perceive the role of shareholders in the current situation?

Dalton perceives the role of shareholders as crucial in the current situation, advocating for their active participation in decision-making. They view the upcoming shareholder meeting as an election, where shareholders have the opportunity to vote for the best candidates to lead the company. This democratic approach aims to ensure that the company's future aligns with shareholder interests.

Q: Why does Dalton criticize Fuji Media's handling of Ayam Morakami's involvement?

Dalton criticizes Fuji Media's handling of Ayam Morakami's involvement because they missed an opportunity for strategic collaboration. Despite Morakami's increasing ownership stake, Fuji Media's leadership did not engage with her or invite her to join the board. Dalton believes that involving influential stakeholders like Morakami could have brought valuable insights and support to the company.

Q: What analogy does Dalton use to describe the shareholder decision process?

Dalton uses the analogy of a sports team selection to describe the shareholder decision process. They compare it to choosing players for an all-star team, where shareholders have the power to vote for the best candidates to lead Fuji Media. This analogy emphasizes the importance of strategic selection and collaboration in shaping the company's future.

Q: How does Dalton frame the upcoming shareholder meeting?

Dalton frames the upcoming shareholder meeting as an election rather than a proxy fight. They emphasize that it is a democratic process where shareholders have the opportunity to vote for the best candidates to lead the company. Dalton encourages shareholders to actively participate and make informed decisions that will benefit the company's future.

Summary & Key Takeaways

• Dalton's leader criticizes Fuji Media's leadership for ignoring potential collaborations and failing to communicate effectively, resulting in a tense shareholder showdown.

• Dalton proposes a shareholder democracy approach, likening it to a sports team selection, where shareholders choose the best candidates for Fuji Media's future.

• The lack of perceived synergy between Fuji Media's real estate and media businesses is criticized, with Dalton questioning the necessity of certain assets given their cash reserves.