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Thursday, March 15, 2007

Interview with Takafumi Horie - Japan Times

Link: Horie didn't like his job, he was just good at it | The Japan Times Online.

Here's an update to the Livedoor debacle last year in Japan when CEO Takafumi Horie was arrested for violating Securities and Exchange laws. Even though he's still in criminal proceedings, this week he gave the Japan Times an exclusive interview about his views on the whole prosecution, why it happened, how he feels about Livedoor today, and what's in store for him in the future.

Staying in line with his brash, straight-talking, anti-corporate Japan attitude, Horie maintains his innocence, and that he was just good at being an entrepreneur. Why the prosecution went after him so suddenly and quickly, he theorizes that they perceived Livedoor to be a "criminal grab bag" (he notes - people buy grab bags because they're exciting, but once they open one up, there's really nothing exciting inside).

As for the future, he's pursuing projects overseas, and will most likely stay away from corporation building in Japan. His verdict will come in this Friday.

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