Word: akio
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Dates: during 1990-1999
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...Walkman 1979, by Sony, from an idea by CEO Akio Morita...
...accident that our list is almost entirely American. It does include Sony's Akio Morita, and it arguably could include a handful of other leaders from abroad, notably Japan's Soichiro Honda and Eiji Toyoda (Toyota), Italy's Giovanni Agnelli (Fiat) and Australia's Rupert Murdoch (now a U.S. citizen). But if the 20th century was, as Luce also said, the American Century, it was largely because our system, espousing freedom of markets and freedom of the individual, rewarding talent instead of class and pedigree, bred a group of leaders whose single-minded fixation on getting rich--and creating great...
Almost exactly five years ago, Akio Morita--Mr. Sony--fell to the ground during a game of tennis. The co-founder and chairman of the board had suffered a stroke. He has since been in a wheelchair. This is particularly sad, as Morita had never been able to sit still and relax. At 72, he was playing tennis at 7 a.m. each Tuesday. I know this well because I would practice on the court next to him. My tennis, however, was very different from his. I played with an instructor, and if I was tired, I would just take...
Sony co-founder Akio Morita and then-president Norio Ohga knew in the 1980s that the digital revolution was coming. In fact, with Philips Electronics, Sony created the audio CD. They talked about the revolution. And they set their engineers to work on digital products: audio and video recorders, televisions and broadcasting equipment. Still, the company's great innovators were backwinded by their own ingenuity. In the late 1980s, when Japan was riding high, Morita, who co-authored a book titled The Japan That Can Say No, began to spend as much time criticizing American management practices...
...senior executives to become the company's president. As the world's trailblazer in entertainment electronics, Sony invaded Hollywood in 1989 by buying Columbia and TriStar Pictures; in November 1994 the corporation took a $3.2 billion write-off for five years of studio mismanagement. Soon afterward, Sony co-founder Akio Morita, who had continued to help guide the company despite suffering a stroke in 1993, resigned as chairman. Then Sony found itself losing ground to rivals in the race to develop the digital videodisc, expected to replace the videocassette recorder and the compact disc...