USA | Tepco Prepares to Face Shareholders

Posted on June 23, 2011


USA | WALL STREET JOURNAL | JUNE 23, 2011, 12:26 P.M. ET

TOKYO—Still struggling to cope with the world’s biggest nuclear crisis in 25 years, Tokyo Electric Power Co. now faces the wrath of stockholders clamoring to know why their investments weren’t nearly as safe as they had long believed.

The utility, known as Tepco, on Tuesday will hold its first shareholder meeting since the March 11 earthquake and tsunami damaged its Fukushima Daiichi nuclear plant. Police plan to deploy about 150 regular and riot squad officers around the hotel in Tokyo where the meeting is set to take place, anticipating thousands of shareholders, demonstrators and right-wing activists.

Posted in: USA