[TOKYO] Tadashi Yanai, Fast Retailing Co's 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia's largest retailer. Read more at The Business Times.
Tadashi Yanai, Fast Retailing Co's 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia's largest retailer.[TOKYO] Tadashi Yanai, Fast Retailing Co's 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia's largest retailer.
As Mr Yanai gets older, he's been asked more frequently about succession at the company, which he built from his father's tailor shop into a global brand. A possible candidate could be Maki Akaida, who was appointed this year to run Uniqlo's Japan operations — the company's most profitable unit. Prime Minister Shinzo Abe has sought to promote women in the work force amid a labour shortage triggered by Japan's aging and shrinking population. With a declining birthrate, the number of people will slump by almost a third by 2060, by which time about 40 per cent will be 65 or over, according to the National Institute of Population and Social Security Research.Investors are looking at gender diversity in management ranks to evaluate their holdings.
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