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Posted on: March 28, 2016, 2:30 p.m.
Third Point LLC’s billionaire founder Daniel Loeb has made Seven & i Holdings Co. his latest target for criticism of management succession planning, warning the Japanese grocery and retail group against letting nepotism determine its next chief executive officer. Seven & i CEO Toshifumi Suzuki, 83, is having chronic health problems and investors fear he may try to name his son, Yasuhiro Suzuki, to lead Seven‐Eleven Japan and eventually become president... Full investment news article