U.S. Fund Demands Resignation of Fuji's Hieda, Citing "Near 40-Year Reign" by a "Dictator"
In a scathing letter, a major U.S. shareholder is demanding the resignation of Hisashi Hieda, Senior Corporate Advisor at Fuji Television Network. The fund, Dalton Investments, criticizes what it calls a "dysfunctional" corporate governance structure, alleging that Hieda "maintains complete dominance and influence over the board of directors."
The letter, dated November 3rd, blasts Fuji, questioning, "Why has one dictator been allowed to rule this major broadcasting group for nearly 40 years?"
Hieda has been a prominent figure at Fuji for decades, holding leadership positions for nearly 40 years. He currently serves as Senior Corporate Advisor for both Fuji Television Network and its parent company, Fuji Media Holdings. Additionally, he represents the larger Fuji Sankei Communications Group.
This marks the third letter Dalton Investments has sent to Fuji Media Holdings regarding various issues plaguing the company, initially stemming from the controversy surrounding former television personality Masahiro Nakai.
Thank you.
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