Definition of sokaiya in English:

sokaiya

noun

  • A holder of shares in a Japanese company who tries to extort money from it by threatening to cause trouble for executives at a general meeting of the shareholders.

    • ‘Many companies are thought to pay bribes to sokaiya to stop them asking questions they don't want to answer.’
    • ‘Companies also hire a sokaiya to keep other sokaiya and sometimes legitimate shareholders under control.’
    • ‘The sokaiya have operated with an eye toward balancing how much money they get versus the penalty they might get.’
    • ‘Companies make use of sokaiya to settle many kinds of trouble, to collect underground information, and to suppress common shareholders.’
    • ‘The men were known to be sokaiya, but no company official ever admitted inviting them.’

Origin

Japanese, from sōkai general meeting + -ya dealer.

Pronunciation:

sokaiya

/ˌsōˈkīyə/