Word: kintetsu
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...economy rebounded this decade, many executives began to wonder if they had gone too far. Introducing dog-eat-dog values into corporations that continue to prize the organization over the individual generated worker dissatisfaction. Trying to rebuild loyalty and decrease turnover, companies like Canon, Kintetsu and Fujitsu have altered or scrapped performance-based pay and reinstated seniority as a determinant of salaries. Trading house Mitsui last year reopened five dorms for single employees--at a cost of nearly $1 million annually. "We're hoping that group residence will nurture communication and interpersonal skills in our new young hires," says Mitsui...
...rebounded in the past several years, many executives began to wonder if they had gone too far. Introducing dog-eat-dog values into corporate cultures that continue to prize the organization over the individual generated worker dissatisfaction. Trying to rebuild company loyalty and decrease turnover, major companies including Canon, Kintetsu and Fujitsu have in recent years altered or scrapped their performance-based pay and reinstated seniority as a determinant of salaries. Meanwhile, trading house Mitsui last year reopened five dorms for single employees - a program that costs the company nearly $1 million a year. "We're hoping that group residence...
Horie, 32, founder of Livedoor, one of Japan's most successful Internet firms, last year shocked the country's calcified baseball establishment by offering to buy the ailing Osaka-based Kintetsu Buffaloes. The owners rebuffed him as a punk. Now Horie has set the business community buzzing with a hostile-takeover battle against Fuji Television Network for radio network Nippon Broadcasting. Japan's aversion to such battles, Horie retorts, is out of touch with modern capitalism. --By Jim Frederick...
...company men first, superstars second, and even in a reform-minded era, baseball is a time capsule of old-fashioned hierarchy. So when players threatened a strike (albeit only on weekend games) last week to protest a plan to combine the two professional leagues and merge the debt-strapped Kintetsu Buffaloes into the Orix BlueWave, it was clear that something was very wrong...
...Japanese player had made it to the major leagues. Reliever Masanori Murakami appeared in a total of 54 games for the San Francisco Giants in 1964 and '65, and then only because his parent club sent him to the U.S. for seasoning. But in the winter of '95 Kintetsu Buffaloes pitcher Hideo Nomo and his agent, Don Nomura, exploited a loophole in the agreement between Japanese baseball and the major leagues: if a player retired, he was free to play for whomever he wished. Nomo announced his retirement and promptly struck a deal with the Dodgers, and all Japan reacted...