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Dec 31, 2000

Gangs Busted

Delving into the sinister world of the sokaiya, Japanese racketeers who scare the country's companies

In Hong Kong, if scores of listed companies hold their annual meetings on the same day, it is probably due to the lack of urgency that they attach to the event. Time lingers, until one of the board members realizes the deadline for holding the meeting is fast approaching. Suddenly, all of the function rooms in the best hotels in town are fully booked for an entire day.In Japan, if 2,000 or more listed companies hold their annual shareholder meetings on the same day, it is for entirely different

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