A Lesson U.S. CEOs Can Take To The Bank
It seems that CEOs of US corporations don’t get it. Your company is in financial trouble and you layoff workers and close down plants. At the same time their income is kept at the level they have become use to. Earning millions of dollars or even hundreds of millions of dollars while your company and it’s employees suffer is short sightedness. Even downright immoral!
An example that all CEOs should follow is that of the CEO of JAL Airlines in Japan. He cut his salary to less than the pilots that fly the planes. He takes the bus to work and eats in the cafeteria like all the rest of the employees. His fortune is tied to that of the company.
Watch this short video and see what should be, and may well have to be the future for heads of companies. Companies that pursue money first without a larger vision of their place in the world are doomed to fail.
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I like your blog,good!
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If all CEO’s took a page from the CEO from japan you mentioned than America would not have any debt. Although not everyone could afford to do that.
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I find it amazing that a CEO would have that kind of leadership and willpower inside. It is a big step to the well being of the company and their workers. It shows that he cares.
I really hope it a lot of CEOs learn from him.
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I bet this also allows him to be more connected with the concerns of his workers, forming stronger relationships with them, and in turn having them more invested in their work.
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I enjoyed reading your blog. This is very informative.
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I have heard and felt that Japan is full of citizens who work hard and hardly rest. My belief got strengthened as I read this blog and watched the video. The President and CEO of JAL has exemplified himself and it is because of such people like him that Japan is ahead in technological as well as economic development. I hope CEO’s of other top companies learn something from him.
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Hi Larry,
What an awesome blog post.
Japan is a very progressive country because their people are hard-workers. This is indeed a very inspiring post. All CEO’s all over the world should take this man as an example.
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The oft-repeated adage in Internet marketing – content is king – remains as relevant as ever.
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I wish that CEOs would also do the same way. I mean, It’s great to have CEO who thinks not only for his self and his business but also the welfare of his employees.
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As CEO, you are in the top position and have the most responsibility. That means the CEO probably worked both the smartest and the hardest. They deserve the amount of money they receive because they are running the show and absorbing the most amount of risk.
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I think that CEO should have that kind of headship and determination inside. It is a big chance to those individuals of the company and their personnel.
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But, what is the point of being a CEO of a huge company if you still have to take public transport to work?
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Until the president of USA himself acts accordingly how can anyone expect a privatized company head to walk the walk? One day! (crosses fingers)
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Yes, they do have CEOs. But, unlike banks, their board of directors are voluntary and unpaid. They are elected by the members of the credit union.
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