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...business leaders at a time when self-certainty is wavering: Can it be that Japan needs Westerners at the helm to compete in the new global business environment? Not surprisingly, executives asked to comment on Ghosn's achievement tend to be dismissive. Tadahiro Sekimoto, former president of NEC Corp., is emphatically critical: "The so-called Nissan turnaround is a product of attitudes and ways of behaving that are irreconcilable with our society and culture. Copycat management! We are about nurturing individuals and making their hearts beat passionately. If every Japanese company took the Nissan approach to solving its problems, Japan...
...Howard Stringer's greatest strengths, say those who know him, is his ability to thrive in alien, even potentially inhospitable cultures. Welcome to Tokyo, Sir Howard. You will need every ounce of your intercultural sensitivity to thrive in your new post, CEO of Japan's struggling Sony Corp. During a capacity-crowd press conference last week in Tokyo, outgoing Sony CEO Nobuyuki Idei, 67, announced that he was voluntarily stepping down after almost five years and that Stringer, 63, rather than one of a number of oft mentioned Japanese heirs apparent, was replacing...
...worldwide sales power. I thought that maybe we Japanese could do it too." Indeed they could. A month ago, Morita took off on his 94th or 95th transpacific trip. (He has lost exact count.) This time he came as the self-assured export chief and primary owner of Sony Corp., the firm that as much as any other has made Japanese goods synonymous with high quality as well as low price. --TIME...
...Senior Gift Plus website (www.seniorgiftplus.com) answers these questions at length, but I want to speak on the sense of impotence and disconnect that they all have in common. The incontrovertible fact is that Harvard has invested nearly $4 million dollars in PetroChina Corp., which in turn finances the genocidal Sudanese government. Harvard makes profit off its investment in PetroChina, which is then distributed back throughout the university—perhaps even as financial aid. Therefore, my financial aid may be partially subsidized by direct profits from PetroChina, which funds genocide in Sudan. Now, without my consent, I am indirectly profiting...
Takashi Nishioka, the new chairman of Mitsubishi Motors Corp. (M.M.C.), has a difficult job ahead. While Japan is the birthplace of some of the world's most successful auto manufacturers--Honda, Nissan, Toyota--Mitsubishi is one of the most troubled. The company has been shaken over the past year by revelations of long-running campaigns in various divisions to cover up critical manufacturing defects, some of which have proved lethal. Many large investors, including DaimlerChrysler and Japanese private-equity fund Phoenix Capital, have begun selling off their stakes or announced that they plan to do so soon, leaving questions about...