1. Daughter Bests Father in Feud at Japan Shareholder's Meeting

    Daughter Bests Father in Feud at Japan Shareholder's Meeting

    A rare family feud erupted in a Japanese shareholders meeting on Friday, when the chief executive of Otsuka Kagu Ltd defeated her father's attempt to oust her, vowing to push ahead with her plan to take the furniture retailer more mass-market. "I am sorry that things have come to this," Kumiko Otsuka, 47, coolly told shareholders in the meeting, in which she instructed her father, company ...

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    1. I am sorry that things have come to this.
    2. In order to build on the strengths of the past 40 years as a business, we need to implement some reforms to keep up with today's consumers.
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