MNeagle
1st June 2010, 07:19 PM
The Ultimate Humiliation: Nikkei Explodes Higher After Japanese PM Hatoyama Resigns
It's always embarrassing for a CEO when their company's stock goes upon their departure.
We're guessing Japanese PM Hatoyama, whose resignation was announced early Wednesday in Japan, is feeling the same way right now. After just 8 months in office, he's stepping down due to low popularity (making him the fourth straight PM to resign after less than 1 year).
And here's now the Nikkei is doing.
http://static.businessinsider.com/image/4c05b8c67f8b9af502bf0000/nikkei.png
Link to Article (http://www.businessinsider.com/japans-prime-minister-yukio-hatoyama-resigns-after-being-in-office-only-8-months-in-office-according-to-cnbc-rt-2010-6#ixzz0perueVeM)
EDIT: Replaced long link with named link to prevent horizontal scrolling. -Gaillo
It's always embarrassing for a CEO when their company's stock goes upon their departure.
We're guessing Japanese PM Hatoyama, whose resignation was announced early Wednesday in Japan, is feeling the same way right now. After just 8 months in office, he's stepping down due to low popularity (making him the fourth straight PM to resign after less than 1 year).
And here's now the Nikkei is doing.
http://static.businessinsider.com/image/4c05b8c67f8b9af502bf0000/nikkei.png
Link to Article (http://www.businessinsider.com/japans-prime-minister-yukio-hatoyama-resigns-after-being-in-office-only-8-months-in-office-according-to-cnbc-rt-2010-6#ixzz0perueVeM)
EDIT: Replaced long link with named link to prevent horizontal scrolling. -Gaillo