Receiving 26% of Koito Manufacturing, a Japanese automotive parts supplier in the group Toyota, T. Boone Pickens is looking for a place on the board of directors of Koito. Koito management resisted, arguing that Pickens is useless greenmailer, is not a true long-term investor. Struggle between the two gives you the opportunity to compare and contrast the American and Japanese corporate governance practices. The debate centers on whether the Japanese system promotes efficiency, or simply market power, which reduces economic welfare. "Hide
on W. Carl Kester, Robert W. Lightfoot Source: Harvard Business School 15 pages. Publication date: April 09, 1991. Prod. #: 291027-PDF-ENG