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Japanese founder-run firms face succession problems

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Published Sun, Jun 26, 2016 · 09:50 PM

    Tokyo

    THE surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp, highlights a problem that many Japanese companies face: passing the reins to a successor.

    SoftBank founder Masayoshi Son, 58, said last Tuesday that he wants to remain at the helm of the company that he built from a computer software distributor into one of Japan's largest telecommunications and investment groups, while Mr Arora aspired to be chief executive officer more quickly.

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