Word: akio
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...members remain masters at summoning indignation. As political theater, the first few days of congressional hearings into Toyota's customer-safety crisis had it all: testy exchanges, Clintonian hairsplitting, obnoxious grandstanding--even multiple references to Marisa Tomei's automotive wizardry in My Cousin Vinny. On Feb. 24, Toyota president Akio Toyoda, grandson of the company's founder, sat before the House Oversight and Government Reform Committee to apologize. "Quite frankly, I fear the pace at which we have grown may have been too quick," he said, as members of the Japanese press and employees sporting Toyota buttons thronged the hallways...
...wife cheater) have all tried to navigate their way across the Boulevard of Remorse to the safe shoulder of public forgiveness. But it's still a big enough deal that when men apologize, it's broadcast live on TV. For some, national coverage is not enough. On Feb. 24, Akio Toyoda, the CEO of Toyota, flew halfway across the planet to apologize in Washington: "When the cars are damaged, it is as though I am as well." (See the top 10 apologies...
...When he takes his turn on the hot seat on Wednesday, Akio Toyoda, the company's president and CEO - and grandson of its founder - will attempt to mollify his detractors with a heavy dose of contrition. "Toyota has, for the past few years, been expanding its business rapidly," Toyoda said in a prepared statement that he is expected to read at Wednesday's hearing. "Quite frankly, I fear the pace at which we have grown may have been too quick." He also said the company would give greater weight to customer complaints, mandate that managers drive the company's cars...
...company has also been trying to repair its relationship with consumers. "We have not lived up to the high standards you have come to expect from us. I am deeply disappointed by that and apologize. As the president of Toyota, I take personal responsibility," Akio Toyoda wrote in the Washington Post...
...original version of this article misidentified Akio Toyoda as the grandson of company founder Sakichi Toyoda. He is the grandson of Kiichiro Toyoda...