Seven & I Rejects 7-Eleven CEO Change

The transcript discusses a rejected proposal by the board of Seven & I Holdings to oust the current president of 711 Japan, a key profit unit. Activist Dan Loeb supports the current head of 711 Japan, Mr. Esaka, as a candidate for the next CEO of the parent company. The rejection is surprising as it goes against the current CEO, Mr. Suzuki, who may have personal motives. The board remains divided, and the issue is ongoing, with further meetings expected.

What was the main reason for the board's proposal rejection at 7 and I Holdings?

• To implement new business strategies

• To increase the company's profits

• To expand into new markets

• To support the current president of 711 Japan

Who is Dan Loeb supporting as the next CEO of the parent company?

• Mr. Suzuki

• Esaka

• Mr. Suzuki's son

• A new external candidate

What is the speculated reason for Mr. Suzuki's desire to remove Esaka?

• To change the company's business model

• To focus on international expansion

• To reduce company expenses

• To position his son as the next CEO

What was the outcome of the committee formed to address the personnel issue?

• It did not recommend adopting the proposal

• It recommended the proposal be adopted

• It dissolved without a decision

• It suggested a new candidate for CEO

What is unusual about the board's decision regarding Mr. Suzuki's proposal?

• The board frequently changes its mind

• The board often defies the CEO

• The board usually supports the CEO's decisions

• The board rarely makes personnel decisions