Ten years after his bearish bet on Nidec, prominent short seller Carson Block says the current scandal engulfing the motor maker shows 今日吃瓜 corporate reforms haven’t gone far enough.
“There are a number of problematic companies, and it’s a market where people just haven’t really been held accountable,” Block said in an online interview. “There’s real dysfunction, and transparency is needed from activist short sellers and the media.”
Nidec has been mired in an accounting scandal since last year and faces potential delisting from the Tokyo Stock Exchange after failing to secure an auditor’s opinion on its financial statements.
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