The Horie-mon and Hiede debacle

In what is the most appalling piece of business practice ever since Enron, Hieda, the CEO of Fuji TV won't even do a sit down with Horie over the pending takeover of NBS. The good news is that NBS was shot down with their attempt to break the grapple hold Horie now has on the company. The Japanese courts in a surprise move sided with Livedoor and refused to permit NBS from issuing options to dilute the holdings of Livedoor.

I hope NBS CEO and Fuji TV CEO Hieda develop some kind of long term disease that causes them drippy flatulence. What a bunch of.....

In what would ahve been itneresting finance, it is now just old guard versus brash upstart. Although I do not like Horie, for the sake of Japanese companies everywhere I hope he wins.

The new plan to sell Pony Canyon to Fuji is as ill-conceived as the movie Ishtar and Waterworld combined. This is also a diversionary tactic to get Livedoor to stop the takeover. Hieda and NBS should just give up and play nice. Hieda should aslo bow down to Livedoor and beg for mercy. What a bore.

The push to get rid of Pony Canyon only makes his own company NBS, a useless piece of crap (which it really was anyway), which only causes NBS to collapse, thereby ending everyone's career at NBS. He should just be shining up the golden apple and hopefully making the stock price rise as high as possible and cosider all the options. Wht destroy the company in the process of you losing your job. You are just a salayman. Your actions jeopardize the entire firm, as CEO you have an obligation to your shareholders and to your employees, neither of which you are doing anything about (sue the CEO for negligence).

What the company president really needs to do is apologize for not getting the stock price up. If it was cheap (as was suggested with the first takeover attempt, then it is the CEO's fault for not getting the price up.)