The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Shibata: Symphony was first hedge fund to sponsor Japanese management buyout
“Actually, we are the first, the hedge fund who sponsored management buyout. Central Uni is the name of the company.”
Shibata: Corporate raiding in Japan faces fierce cultural opposition from management
“So it's pretty tough for example, Japanese management that you will get golden parachute, and we'll buy your company and fire everybody. That's not acceptable to most of Japanese, because they are my friend. I will be ashamed in the community. So buying a Japa…”
Shibata: Historically, shareholders ranked at the bottom of Japanese corporate stakeholders
“Shareholder is lowest ranked in Japan. I should say past tense, not current tense. Shareholder was the lowest ranked. Employee, client, So the total stakeholder, shareholder is the bottom. That has been a long time concept, or Japanese community.”
Shibata: Symphony provides free management advisory work prior to investing
“Once we identify the manager, before investing, we'll start working, giving free advice, and I'm trying to be on their side, not the other side of a table and banging a table. That's not our way. We are always trying to be their advisor for free.”