We need more of this in America. If company does good we all do good. If company does bad, we all do bad. Really Good video.

YouTube - Japan Airline's CEO Slashes his Pay Below the Pay of Pilots, other CEO Should Learn from Him !

 

Great. Just what I want. The guy running my company to value himself so little that he doesn't even take a paycheck. If only we could all learn such basic economic principles as incentive and supply and demand.

 

It is called HONOR.

I wish most of the banking industry and automotive industry has just a little bit of it left. But I am afraid it is all greed. How can a bank issue billions in bonuses to it's top execs, who completely suck in what they do, while taking money from you as part of a bailout for them being greedy and incompetent?

What happened to the basic economic principle, you suck you're fired?

 

There should be no bailout. The shareholders/board should fire ineffective executives, but nobody should be working for free.

 

As for the Japanese ethos... it's about honor and tradition. The owners take responsibility for the both success or failure.

In the US... as mentioned it's about greed. The politicians have to guaranty their campaign contributions by approving the bail outs without oversight or restrictions.

To the tax payers... a lose lose proposition. If the loans are not made to the Big 3... then millions are on unemployment. Who foots the bill? Us the taxpayer. Lend the big three money? You just prolong how long before the tax payers will foot the bill for unemployment, while the executives live the life of the rich and famous ala Robbin Leach.

And for the low life politicians? Well, they'll they will continue to get their, and the words get stuck in my throat, their campaign contributions... so they can also live the life of the rich and famous when they are appointed to some company's board of directors.

May 2009 be happier and healthier for the common man, while these amoral no-conscious CEOs get all they deserve too.

 

Remember when Iacocca set his pay his pay at a dollar a year? I don't really think he was hurting that year. Somehow I don't think we'll see too many US execs committing seppuku at the end of a board meeting.

 

I'm sorry, but how can you not have respect for that man?

Honor and integrity are cornerstones of leadership. He gets it.

Contrast that with Robert Nardelli, the CEO of Chrysler. After screwing up Home Depot he walks away with a golden parachute of roughly $250 million. Now he's before congress whining for a bailout...

Or how about John Thain, the CEO of Merrill Lynch? After the company was on the brink of collapse during his "leadership" and then sold to Bank Of America at a firesale price he wanted a ten million dollar bonus for his "performance".

 

I agree....it's amazing that people wonder why the Japanese are kicking our a$$ in the car and truck industry, not to mention electronics.

Sometimes it takes getting knocked down on the playground to stop thinking you are the bully and build respect for others around you.

 

Most CEO's can work for $1 for the rest of their lives and still die with millions in the bank. It's not about the money as much as it is being the Captain of the ship when you're a CEO. You sink the company, you should sink too, just like small business owners.

 

It’s the circle of money in the US it is much different than in Japan. US CEO’s get large bonuses, big paycheck, golden parachutes and government funded bailouts for a reason. Where do you think campaign contribution comes from? It’s the circle of money for the rich. It will never change…