Word: okazaki
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Dates: during 2000-2009
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...Meanwhile, in April, the Mitsubishi Group dispatched a new CEO, Yoichiro Okazaki, from Mitsubishi Heavy Industries. He quickly announced a restructuring plan that includes cutting 22% of Mitsubishi Motors' 49,000 employees, the closure of a factory in Japan, a revitalized car line with 44 new models to be introduced over the next three years, and a focus on boosting sales in China. Okazaki has also promised to overhaul the corporate culture by forming a business-ethics committee consisting of lawyers, academics and other outsiders to monitor senior management...
...Okazaki admits this is Mitsubishi's "last chance." Analysts say it may already be too late. Japan has 11 companies making cars and trucks, while the total market has shrunk by about a quarter since its 1990 peak. Mitsubishi's market share in passenger- and mini-cars has sunk to a meager 3.8%. The company "could disappear tomorrow, and no one would miss it," says John Harris, a Tokyo-based auto consultant...
...swirling high above his head and cascading down the back of his neck, brushing over his shirt collar. The rakish look of the tall, angular 59-year-old enhances his image as an iconoclast, a romantic lead actor storming the stage of Japan's crusty political establishment. As Toshiaki Okazaki, a 59-year-old whale-meat vendor, said while Koizumi campaigned near his stall in Kita-Kyushu recently: "So many of them have deceived us. At least Koizumi brings new blood...