Word: mikitani
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...Hiroshi Mikitani JAPAN'S HEAVY HITTER...
...Mikitani, 39, head of Rakuten, Japan's largest online retail and services operation, is moving into a new arena: sports. The ex-banker, whose company's revenues hit $360 million in the past four reported quarters, bought a professional soccer team last January. In November, Rakuten won the right to create the first team added to Japan's professional baseball league in 50 years. "At first I didn't really understand the obsession that people like Rupert Murdoch seemed to have merging media with sports," he says. "But now I do." --By Jim Frederick/Tokyo...
...plead for a white knight (even foreigners are welcome) to save them from insolvency. Behind this seemingly misplaced optimism in Japan's ailing economy, however, is not so much faith in the ability of these stumbling Goliaths to right themselves as it is faith in people like Hiroshi Mikitani...
...Mikitani, 34, owner of Japan's most popular e-commerce sites, represents a new generation of feisty entrepreneurs who would rather die than work for Japan Inc. He started out in the mainstream--the best universities, a top job at a respected bank. But like a lot of Japanese in their 30s and 40s, Mikitani decided that his future would be more prosperous if he were in charge. "No smart young person wants to work at a big company," he says. "That would be risky...
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