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Toyota Holders OK Founder's Grandson as Head
Updated from 12:20 a.m. EDT
By Yuri Kageyama
TOYOTA, Japan -- Toyota(TM Quote) shareholders approved the appointment of the company founder's grandson Akio Toyoda as new president, hoping that reaching back to the automaker's family roots will help steer the manufacturer out of its worst ever crisis.
More than 3,300 shareholders packing a hall at Toyota headquarters -- a record attendance -- showed their approval by applause for the selection of 29 new directors, mostly company executives and directors, including Toyoda. ...
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