Over the weekend it has emerged that Nozoe Kuniaki (野副州旦), the financially savvy president of Fujitsu, who “resigned due to health reasons” back in Sep ‘09 was actually blackmailed into resigning. How can the CEO of a 1.2 trillion yen company (13 billion USD!) can get blackmailed and forced to quit at the whim of one or two old cronies on his board? Read about the bizarre story behind this recent development, and how it reinforces the stone-age corporate governance at play even today in Japan.

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