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Nikkei and the FT: A Meeting of Minds or Culture Clash?
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24.07.2015
For all the assurances by Nikkei executives on Friday that the Financial Times would retain editorial independence under their ownership, some staff at the business daily were fretting about everything from journalistic standards to holiday allowance. Most acquisitions cause workforce anxiety, but some of Japan Inc's overseas buys have foundered on perceived differences in corporate culture and values. Nomura's cut-price purchase of parts of failed Wall Street broker Lehman Brothers during the financial crisis caused tension and resentment, and hit the bottom-line.
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