(Bloomberg) A year after Dalton Investments urged Shinsei Bank Ltd. to buy back shares and link management’s pay more to the stock price, the U.S. hedge fund is taking its pressure on the Japanese lender to the next level: a proxy fight. Dalton, run by Jamie Rosenwald, is proposing that Shinsei pays executive directors in restricted stock, so that they have more incentive to improve performance and deliver returns to shareholders, according to a copy of a shareholder proposal provided by Dalton to Bloomberg.
Hedge Fund Dalton Moves to Proxy Fight With Japan’s Shinsei Bank
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