Daiei's Nakauchi to give up presidency
Daiei Inc. founder and chairman Isao Nakauchi (R) meets the
press in Tokyo on Jan. 20, saying he will relinquish day-to-day
control of the struggling supermarket chain by giving his job as
president to Vice President Tadasu Toba (L). Nakauchi apparently
sought to assuage creditor banks, who have been unhappy about the
performance of Japan's largest supermarket chain.
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