Word: mitsubishis
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Like many Japanese executives, the heads of Mitsubishi like to consider their workers one big happy family. The combine's 260,000 employees are scattered among 27 member firms that make everything from diodes to diapers, but they can sing the company song, vacation at company resorts and enroll in Mitsubishi-sponsored haiku-writing and flower-arranging courses. Yet for years Mitsubishi executives have stewed over an insult to the ideal of togetherness: some 80,000 Mitsubishi workers are unmarried...
...Kyoto bank, which had used yakuza to threaten and intimidate workers into going along with management in a labor dispute, almost went broke from mob shakedowns before it recently called on police for help. At a general stockholders' meeting of Mitsubishi Heavy Industries two years ago, a tough-looking platoon of men beat up a group of peace advocates who had bought shares in the company so that they could protest Mitsubishi's arms production. The men were known to be sokaiya, but no company official ever admitted inviting them. Indeed, it is possible that they had simply...
Japan has never had a tradition of private or corporate philanthropy. Nevertheless, last week the huge Mitsubishi group of industries gave $1,000,000 to endow a professorship in Japanese legal studies at Harvard Law School. The occasion was the 54th anniversary of a similar gift by U.S. Banker A. Barton Hepburn for a chair in American studies at Tokyo University Law School. For Mitsubishi, Harvard was a logical choice: it has both great prestige and some of America's foremost Asian specialists, including Edwin O. Reischauer, former U.S. Ambassador to Japan...
...world's largest conglomerates-its operations are as diverse as banking, shipping and steel -Mitsubishi wants to help improve strained Japanese relations with the U.S., which ranks among its biggest markets. "Every effort must be made to preserve and foster our ties," said Mitsubishi Corp. President Chujiro Fujino, as he handed the gift check to Harvard President Derek Bok. Then they toasted the event with Kirin, a Japanese beer exported, naturally, by Mitsubishi...
...system sit the large trading companies such as Mitsui, Mitsubishi and Sumitomo Shoji. They bring in most of Japan's imports, which are then funneled to the consumer-along with Japanese goods-through some 280,000 wholesalers, one for every five retailers in the nation. As the goods pass down through area, city, town, village and even neighborhood wholesalers, each adds a distribution fee to the price of the product. The practice raises prices on both Japanese and foreign products, but the effect is worse on foreign goods, since they start out at relatively high prices...