Dissolution
Following Japan's defeat in August 1945, Yasuda executives assumed a leadership role in planning for the dissolution of their own group. The Yasuda Plan was submitted in October 1945 and stipulated that the Yasuda zaibatsu would be dissolved and that Yasuda Bank would cease to control Yasuda subsidiaries. In addition, family members and executives appointed by them would resign from all Yasuda companies. The Yasuda Plan, with some revisions, was accepted by the U.S. government in November of that year.
Read more about this topic: Yasuda Zaibatsu
Famous quotes containing the word dissolution:
“We are threatened with suffering from three directions: from our own body, which is doomed to decay and dissolution and which cannot even do without pain and anxiety as warning signals; from the external world, which may rage against us with overwhelming and merciless forces of destruction; and finally from our relations to other men. The suffering which comes from this last source is perhaps more painful than any other.”
—Sigmund Freud (1856–1939)
“From low to high doth dissolution climb,
And sink from high to low, along a scale
Of awful notes, whose concord shall not fail;”
—William Wordsworth (1770–1850)
“The most dangerous aspect of present-day life is the dissolution of the feeling of individual responsibility. Mass solitude has done away with any difference between the internal and the external, between the intellectual and the physical.”
—Eugenio Montale (1896–1981)