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 proposal that the board rejected regarding the current president of 711 Japan?

Who is Dan Loeb and what role does he play in the situation described?

What were the reasons speculated for the potential ousting of the current CEO, Mr. Suzuki?

What actions did Seven and I take in response to the ongoing leadership issue?

What is the current status of the board's decision regarding the leadership changes?