Stakeholder capitalism is what must be brought back to the states, NOT this shareholder bullshit where EVERYTHING is simply about execs making more money, creating more "value in stocks", and appealing to investors (a very small minority of people who buy, work for or are affected by the companies in the overall community). It CAN'T just be a coincidence that in the so-called Golden Age of American prosperity (late 1940s to the early '70s) was also when stakeholder cap. was in full force.
Big corporations need to REALIZE, once again, that not just their investors matter. EVERYONE in the larger community matters, and corporations have a huge impact on so many areas of our lives. Trying to satisfy a minority of fucking investors at the expense of everyone else is just nonsense. Are American CEOs overpaid? YES!!! Duh
Look, I'm not against profits gained honorably and legally, but paying your top guys 50 or 100 million when the rest are making only a small fraction of that? Noo
WORKERS make up the backbone of the company, and without them, businesses would be FUCKED. The CEOs and execs are important for the direction of the firm, no doubt, but the idea that they are the END-ALL BE-ALL and are SOO much more worthy for co. success than everyone else is ludicrous. The firm is an ORGANISM that requires all parts to be functioning well, not just the most powerful. It's like the flagellum bacteria. Japan has the right idea here.
The workers sell, package, manufacture, etc. the various company operations. They make the company GO. Sure, a head of a particular division or exec can sign off on a certain idea, but he alone cannot do it all. This seems to have been forgotten by those at the top who seem to sometimes act like all workers are disposable, including the best-skilled.
I mean, if you can't do your job well as a company exec without "requiring" a huge compensation, fuck off. You're not the type we need.
We need REAL firm leaders who are loyal to the co. and don't just do every little thing that'll increase the bottom line at the expense of all else. We need folks who CARE about making the firm better and helping out workers in and of itself, not just because they have the "incentive" of getting paid a lot for it. Why isn't, say, 5 or 10 million a year ENOUGH? That's PLENTY. Much more than most workers probably will make in a lifetime.
And the rich and their cronies in the OGP have the NERVE to bitch and whine constantly about "regulations" or "overtaxation"? Blow me with that nonsense. Exxonmobil is making a KILLING off these high gas prices! They have no room to complain or lobby to keep subsidies, for starters. They can afford to pay a little more in taxation, too. I mean, isn't profit "revenues MINUS costs", not just "revenues by another name"? Profit is what you have left over AFTER costs, right?
Besides, the wealthy in America are pretty fucking spoiled by our tax system, to be quite honest. Only 35% federal income tax? Did they FORGET the pre-Reagan years where it was 70% (or 91% pre-JFK)? There are few decades in our HISTORY where the personal income tax has been lower.
@whoo689 The act of making money causes a dopamine release in the brain, just like snorting cocaine. Entrepreneurs constantly want more and more and more because they're basically addicted to it.
So much for the ABSURD libertarian and conservative economic theory that "We NEED to give execs extremely-huge compensation packages so we can attract the best talent." Japan is STILL the number 2 economy in the world! Or three. And their execs are a lot more humble and don't need all that crap as an excuse to "do my job."
Get over yourselves, big business execs. The excessive greed has gotta stop. Maybe when you stop giving huge severance packages, esp. to failing CEOs, I'll listen.
Japanese executives and bosses are ACTUALLY LOYAL to their employees. They give them tremendous benefits and reason to stay loyal to the company, in turn. They don't just treat them like shit like many firms here in the states, esp. the ones that outsource all the goddamn time. American execs could LEARN a thing or two from Japanese ones, among others I'm sure!
These guys don't have the big picture...don't they realize that executive perks help drive the economy, creating jobs for people who want to kiss their a**es?!! And how about their personal tax cuts so they will feel more in the mood to create some lowly min wage service jobs?!! REALLY! LOL It's interesting to compare CEO salaries of today to a time in our history when America led the world in production, quality, and job creation.
this kind of humbleness was found in islamic arabia and one of the reasons why arabs ruled the world for so many centuries. north america's collapse will partly be due to obsession with power and segregation between leader and subordinate. this man brings to shame those who fantasize about money and power
@koikesubaru : I wish all the best to this Airline too. Im not Japanese but I often travel with Jal and we can feel his personnality through all the cabin crew and all the staff we can meet in airports. I wish all the best for JAL.
An example that the so-called amazingly successful capitalism of America is filled with corrupt and greedy people. No wonder the country is going to hell.
@HaliFins This has nothing to do with capitalism. It has to do with American arrogance and different leadership styles. Like the prick CEO of Merryill Lynch spending $1million to decorate his office. If America was in a truly capitalist society without bailouts and government protectionism.. which has been going on for a long time, then that douche wouldn't have the luxury of spending $1million on an office. The purer the competition, the smaller the room for error. Big props to Nishimatsu.
He's setting a good example and its sad to see that not one American CEO acts this way. Maybe not give up the car but they act so high and mighty just because of their status.
This CEO is setting a good example and is a good airline. When JAL123 crashed and almost everyone died except 4 people. Although the investigation concluded that JAL had no blame for the accident they donated yen to all the victims families.
@xxquiker : Your own private jet. The suggestion was to fly commercial airlines rather than have your own jet, which is why they mention "jet pooling" right after that.
Our American CEOs are arrogant, selfish and ignorant people. They do not care about no one else besides themselves and you can clearly see what their ignorance has caused them. I applaud the CEO of JAL. He sets the prime example in how a global premier company should function under great and tough times. A company is a family and having a bad and selfish apple leading the company is a dumb choice. Bravo to JAL, although you are loosing money you are by far better then any U.S airline
This man honors his company and his people. A true Japanese, a genuinly wise and wonderful man. If there was a nobel prize for CEO´s he would be a great candidate!
@Death2fairytales Yea, that's why Japan + China's total GDP in 2010 was roughly 10 Trillion while the United States' was 14.94 Trillion. More than both the number 2 and 3 countries combined. America has the most innovation of any country ever. Love it, or get the fuck out. Bitch.
@Hurleyatticus4 : You're completely right, I'm a bitch because I acknowledge that other countries are just as good (if not better) than us in certain areas. I apologize for not being blindly patriotic.
@Death2fairytales I think it's funny how someone ignorant like you says, "And then Americans wonder why CHINA prospers more than us." Truly, quite a funny comment considering most people there live on less than $2USD/day. Go read the WSJ article from last week on China's GDP surpassing Japan's and the negative connotations the Chinese govt. currently feels due to their highly impoverished civil financial conditions. Americans like me wonder why there are such uneducated Americans like you.
@Hurleyatticus4 most innovative in the world? you're joking right? one example: the Iphone 4 released June 7, 2010 in US, "first" front facing camera to chat on a mobile phone. in Japan they've been doing and having that shit on their phones since before 2002. we are so far behind its not even funny, its 2011 and people here think our phones can do anything, go to japan, it will blow your mind.
@geektella If cellular telephones are the type of high technology that "blow your mind" then I feel sorry for you. Health/medicine, Industrials, sciences, financial services, etc.; these are the areas where true innovation occurs in America. There is also no doubt we are the number one consumer products innovator. Your argument is weak on several levels: if their front facing camera phone were "first/better" as you claim, then where was its commercial success? To most people it never existed.
@Hurleyatticus4 it was an EXAMPLE, do YOU know what an EXAMPLE IS? well im not going to waste my time explaining it to some troll. don't go outside its good for ya ;)
@geektella Funny that was the ONE example you chose for your argument, a weak one at that. I'm sure you could not speak intelligently on any of the other industries I listed and each country's corresponding advantages without researching Wikipedia and Google heavily. Most weak minded people make an excuse and run when they have been beaten, it's fine. I'll let you go play with your Japanese cell phone. Clearly evident you have spoken ignorantly about something you know nothing about.
Stat: Every 5 of 167 people are CEOs.
apocrisia 5 months ago
@apocrisia Not CEOs of Fortune 500 companies.
ZrazorRozenstrauch 1 month ago
What bring people to the top is usually: GREED. They cut salaries and fill up their pokets and still sleep at night.
ac077626 5 months ago
Good for him. Setting a role model for everybody else.
kqcrazii 6 months ago
Stakeholder capitalism is what must be brought back to the states, NOT this shareholder bullshit where EVERYTHING is simply about execs making more money, creating more "value in stocks", and appealing to investors (a very small minority of people who buy, work for or are affected by the companies in the overall community). It CAN'T just be a coincidence that in the so-called Golden Age of American prosperity (late 1940s to the early '70s) was also when stakeholder cap. was in full force.
whoo689 8 months ago
Big corporations need to REALIZE, once again, that not just their investors matter. EVERYONE in the larger community matters, and corporations have a huge impact on so many areas of our lives. Trying to satisfy a minority of fucking investors at the expense of everyone else is just nonsense. Are American CEOs overpaid? YES!!! Duh
Look, I'm not against profits gained honorably and legally, but paying your top guys 50 or 100 million when the rest are making only a small fraction of that? Noo
whoo689 8 months ago
WORKERS make up the backbone of the company, and without them, businesses would be FUCKED. The CEOs and execs are important for the direction of the firm, no doubt, but the idea that they are the END-ALL BE-ALL and are SOO much more worthy for co. success than everyone else is ludicrous. The firm is an ORGANISM that requires all parts to be functioning well, not just the most powerful. It's like the flagellum bacteria. Japan has the right idea here.
whoo689 8 months ago
The workers sell, package, manufacture, etc. the various company operations. They make the company GO. Sure, a head of a particular division or exec can sign off on a certain idea, but he alone cannot do it all. This seems to have been forgotten by those at the top who seem to sometimes act like all workers are disposable, including the best-skilled.
I mean, if you can't do your job well as a company exec without "requiring" a huge compensation, fuck off. You're not the type we need.
whoo689 8 months ago
We need REAL firm leaders who are loyal to the co. and don't just do every little thing that'll increase the bottom line at the expense of all else. We need folks who CARE about making the firm better and helping out workers in and of itself, not just because they have the "incentive" of getting paid a lot for it. Why isn't, say, 5 or 10 million a year ENOUGH? That's PLENTY. Much more than most workers probably will make in a lifetime.
whoo689 8 months ago
And the rich and their cronies in the OGP have the NERVE to bitch and whine constantly about "regulations" or "overtaxation"? Blow me with that nonsense. Exxonmobil is making a KILLING off these high gas prices! They have no room to complain or lobby to keep subsidies, for starters. They can afford to pay a little more in taxation, too. I mean, isn't profit "revenues MINUS costs", not just "revenues by another name"? Profit is what you have left over AFTER costs, right?
whoo689 8 months ago
Besides, the wealthy in America are pretty fucking spoiled by our tax system, to be quite honest. Only 35% federal income tax? Did they FORGET the pre-Reagan years where it was 70% (or 91% pre-JFK)? There are few decades in our HISTORY where the personal income tax has been lower.
whoo689 8 months ago
@whoo689 The act of making money causes a dopamine release in the brain, just like snorting cocaine. Entrepreneurs constantly want more and more and more because they're basically addicted to it.
ZrazorRozenstrauch 1 month ago
So much for the ABSURD libertarian and conservative economic theory that "We NEED to give execs extremely-huge compensation packages so we can attract the best talent." Japan is STILL the number 2 economy in the world! Or three. And their execs are a lot more humble and don't need all that crap as an excuse to "do my job."
Get over yourselves, big business execs. The excessive greed has gotta stop. Maybe when you stop giving huge severance packages, esp. to failing CEOs, I'll listen.
whoo689 8 months ago
It has NOTHING to do with economics or empirics and EVERYTHING to do with American (and some European) execs' GREED and lust for money and wealth.
whoo689 8 months ago
Japanese executives and bosses are ACTUALLY LOYAL to their employees. They give them tremendous benefits and reason to stay loyal to the company, in turn. They don't just treat them like shit like many firms here in the states, esp. the ones that outsource all the goddamn time. American execs could LEARN a thing or two from Japanese ones, among others I'm sure!
whoo689 8 months ago
3 dislikes???? Oh, it's probably those CEO's who can't downgrade.
sablo75 10 months ago
Comment removed
frilink 11 months ago
"When he had to cut salaries, He also cuts hes own"
*Salute*
frilink 11 months ago
I'm always amazed by the Japanese work ethics, not just the CEO's........
frilink 11 months ago
These guys don't have the big picture...don't they realize that executive perks help drive the economy, creating jobs for people who want to kiss their a**es?!! And how about their personal tax cuts so they will feel more in the mood to create some lowly min wage service jobs?!! REALLY! LOL It's interesting to compare CEO salaries of today to a time in our history when America led the world in production, quality, and job creation.
crjetpilot 1 year ago
Is COMMUNISM coming back?!?!
thankyou0 1 year ago
this kind of humbleness was found in islamic arabia and one of the reasons why arabs ruled the world for so many centuries. north america's collapse will partly be due to obsession with power and segregation between leader and subordinate. this man brings to shame those who fantasize about money and power
farouqnimer 1 year ago
@farouqnimer
Prophet Muhammad is the most humble person in history.......
frilink 11 months ago
I wanna work for a person like that
g1TEGentertainment 1 year ago 6
excellent CEO !!!!!!!!!
kmetek77 1 year ago 4
I hate greedy fat fucks that do not NEED 98% of the shit they buy.
stludachris 2 years ago
Bravo Mr. Nishimatsu
Saint7777777 2 years ago 4
I am Japanese, and unfortunately, because of bad situation of JAL, he gets a lots of pressure around him to resign his post.
I hope he stays his post and rebuild JAL, the biggest airline company in Japan
koikesubaru 2 years ago 3
@koikesubaru : I wish all the best to this Airline too. Im not Japanese but I often travel with Jal and we can feel his personnality through all the cabin crew and all the staff we can meet in airports. I wish all the best for JAL.
aveckidiboo 2 years ago
I heard it went bankrupt, JAL I mean...
Fuchizaa 2 years ago
@Fuchizaa but his employees will still like him.
sdgsdf45 1 year ago
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fuckin nigger
BigDownLow696969 2 years ago
i always loved Japanese people
makki9119 2 years ago
This comment has received too many negative votes show
yeah when they're dead
BigDownLow696969 2 years ago
An example that the so-called amazingly successful capitalism of America is filled with corrupt and greedy people. No wonder the country is going to hell.
HaliFins 2 years ago
@HaliFins This has nothing to do with capitalism. It has to do with American arrogance and different leadership styles. Like the prick CEO of Merryill Lynch spending $1million to decorate his office. If America was in a truly capitalist society without bailouts and government protectionism.. which has been going on for a long time, then that douche wouldn't have the luxury of spending $1million on an office. The purer the competition, the smaller the room for error. Big props to Nishimatsu.
RealBloppy 2 years ago 3
I love this. If you are the leader, never ask others to do what you are not willing to do yourself.
ripperzane 2 years ago
Jews don't know how to walk
oirarnoknutgib 2 years ago
This is what I call a good leader!
kingdavid3 2 years ago 9
That's so fuckin' awesome!
He's setting a good example and its sad to see that not one American CEO acts this way. Maybe not give up the car but they act so high and mighty just because of their status.
Kittylvr25 2 years ago 6
aww, good for him! that's so awesome.
more CEO's and big guys should be more like him. :D
HarajukuGirl3543 2 years ago 5
awsome man.
rehanahmed636 2 years ago 4
americans will think its Communism :D !
taking bus and eating in cafeteria etc etc!
no kidding!
kallikusta 2 years ago 8
I like in all of the CEO people in the U.S. maybe 0.1 % take the bus to work.
Kryptonian250 2 years ago
And that's only because he owns all the buses.
bronx43 2 years ago
This CEO is setting a good example and is a good airline. When JAL123 crashed and almost everyone died except 4 people. Although the investigation concluded that JAL had no blame for the accident they donated yen to all the victims families.
kidcaptian 2 years ago 3
THAT is the essence of leading by setting example!
Here in the US....when was the last time that we actually sat down and had a lunch with the company CEO in the cafeteria?
Ha...i can't think of any!
Njoyflying 2 years ago 34
tell that to Detroits CEO to ride the bus
japan ceo said if theres trouble "blame the person in charge" w/c is himself
Detroit CEOs keep blaming everybody else except themselves
emforty2 2 years ago 6
CEO does not mean GOD. Good show, Japan!
chgosatrap 2 years ago 6
What a Great CEO. I'm witting an essay on him at the moment for class
Airflow993 2 years ago 5
Note at 0.23 where the man suggested that they downgrade to First Class. What class is higher then First? Lol.
Well except on SIA where we have the suites "A class beyond first"
xxquiker 2 years ago
He mean't that they should buy first class airline tickets and not ponce about in their private jets wasting tax payers bailout money.
tcorken 2 years ago
@xxquiker : Your own private jet. The suggestion was to fly commercial airlines rather than have your own jet, which is why they mention "jet pooling" right after that.
roninredempted 11 months ago
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Our American CEOs are arrogant, selfish and ignorant people. They do not care about no one else besides themselves and you can clearly see what their ignorance has caused them. I applaud the CEO of JAL. He sets the prime example in how a global premier company should function under great and tough times. A company is a family and having a bad and selfish apple leading the company is a dumb choice. Bravo to JAL, although you are loosing money you are by far better then any U.S airline
xxquiker 2 years ago 4
Comment removed
xxquiker 2 years ago
i like how the news channel make it sound like the american CEO are considering these ideas hahah. oink oink
bastardtubeuser 2 years ago
Amazing
ChidoriStar 2 years ago
I'd like to see more CEOs to follow in his footsteps
InfiniteZr0 3 years ago 4
Comment removed
GeekGirl2u 3 years ago
*****
ubuibiok 3 years ago
This comment has received too many negative votes show
guess what this guy does when the camera is turned OFF...
leepakim 3 years ago
This comment has received too many negative votes show
Stinking communists!!!
mikeJ334 3 years ago
Comment removed
MARKZIMCEO 2 years ago
you mean the usa??
tak1024 2 years ago
This man honors his company and his people. A true Japanese, a genuinly wise and wonderful man. If there was a nobel prize for CEO´s he would be a great candidate!
CrispyTreats 3 years ago 2
yeah take the bus lesser money and CO2 (pollution)
REDDRAGON452 3 years ago
this japan guy is cool
REDDRAGON452 3 years ago 2
now thats a good example
C1RiddelFilm 3 years ago 5
There are US business owners like that too.
Tyson chicken president wears work shirt and pants talk to the meat workers all the time (by 60 minutes, CBS)
allgoo19 3 years ago
This comment has received too many negative votes show
white people could learn something frome this chink, haha just playing but yeah that is one awesome CEO. He is so generous and sympathetic.
patsfannumero1 3 years ago
nice comment, but next time try to be much less racist you asshole, never call an asian "chink" .
its like calling a black man a nigger
michaelkoswara 3 years ago 3
This comment has received too many negative votes show
They are just works you stinking aussie.
mikeJ334 3 years ago
WORDS even.
mikeJ334 3 years ago
awesome Japanese boss
metabolgia 3 years ago 2
that's really admirable! really, a million dollars to decorate one office???
Cassiopeia269 3 years ago 2
haha what a playa
PrUnEJuIcEtHeThIrD 3 years ago
thats more like it
if every boss was a little like that
how things would be easy...
mesingingbear 3 years ago 2
now that is a good boss
GAMEFAN501 3 years ago 4
And then Americans wonder why China and Japan prosper more than us.
Death2fairytales 3 years ago 38
@Death2fairytales Yea, that's why Japan + China's total GDP in 2010 was roughly 10 Trillion while the United States' was 14.94 Trillion. More than both the number 2 and 3 countries combined. America has the most innovation of any country ever. Love it, or get the fuck out. Bitch.
Hurleyatticus4 11 months ago
@Hurleyatticus4 : You're completely right, I'm a bitch because I acknowledge that other countries are just as good (if not better) than us in certain areas. I apologize for not being blindly patriotic.
Death2fairytales 11 months ago
@Death2fairytales I think it's funny how someone ignorant like you says, "And then Americans wonder why CHINA prospers more than us." Truly, quite a funny comment considering most people there live on less than $2USD/day. Go read the WSJ article from last week on China's GDP surpassing Japan's and the negative connotations the Chinese govt. currently feels due to their highly impoverished civil financial conditions. Americans like me wonder why there are such uneducated Americans like you.
Hurleyatticus4 11 months ago
@Hurleyatticus4 most innovative in the world? you're joking right? one example: the Iphone 4 released June 7, 2010 in US, "first" front facing camera to chat on a mobile phone. in Japan they've been doing and having that shit on their phones since before 2002. we are so far behind its not even funny, its 2011 and people here think our phones can do anything, go to japan, it will blow your mind.
geektella 11 months ago
@geektella If cellular telephones are the type of high technology that "blow your mind" then I feel sorry for you. Health/medicine, Industrials, sciences, financial services, etc.; these are the areas where true innovation occurs in America. There is also no doubt we are the number one consumer products innovator. Your argument is weak on several levels: if their front facing camera phone were "first/better" as you claim, then where was its commercial success? To most people it never existed.
Hurleyatticus4 11 months ago
@Hurleyatticus4 it was an EXAMPLE, do YOU know what an EXAMPLE IS? well im not going to waste my time explaining it to some troll. don't go outside its good for ya ;)
geektella 11 months ago
@geektella Funny that was the ONE example you chose for your argument, a weak one at that. I'm sure you could not speak intelligently on any of the other industries I listed and each country's corresponding advantages without researching Wikipedia and Google heavily. Most weak minded people make an excuse and run when they have been beaten, it's fine. I'll let you go play with your Japanese cell phone. Clearly evident you have spoken ignorantly about something you know nothing about.
Hurleyatticus4 11 months ago
@Hurleyatticus4 That doesn't necessarily mean innovation.
EuphoniumPlayer01 10 months ago
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1st comment and view
kanjo6t 3 years ago