Word: shojiro
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...past decade, Shojiro Suzuki has watched his wealth slowly slip away. The 861-sq.-ft. house in Tokyo that he bought 13 years ago for 60 million yen ($492,000)? It's worth half that now. The stock portfolio worth 16 million yen ($131,000) back in the late 1980s? A paltry 3 million yen ($25,000) now. His salary of 8.5 million yen ($70,000)? The same for 10 years. To make matters worse, last week the stock ticker in his office's front window taunted him every time he walked by. On his way out Monday...
Bridgestone's foray into U.S. production is an important milestone for a fast-rising firm that has long pursued global prominence. It was founded in 1931 by Shojiro Ishibashi, who, to help ensure international recognition, christened the company with an inverted English translation of his own name: ishi means stone, and bashi means bridge. After half a century of phenomenal growth, Bridgestone (1981 sales: $3.3 billion) exports 50% of its production and is the world's fourth largest tire manufacturer, behind Goodyear, Michelin and Firestone...
...Died. Shojiro Kawashima, 80, vice president of Japan's Liberal Democratic Party; of a heart attack; in Tokyo. In the 36 years that he served as a member of the Diet, Kawashima held a variety of Cabinet posts, but his real strength was as a party organizer and kingmaker; his politicking behind the scenes contributed to Hayato Ikeda's election as party president and Premier in 1960, as well as to that of his successor, Eisaku Sato...
...luck," sniffed canny Electrical Industry Wizard Konosuke Matsushita, 67, when Rubber Tycoon Shojiro Ishibashi, president of Bridgestone Tire Co., beat him out as Japan's top 1960 moneymaker. "I'll be back on top again." Good as his word, Matsushita piled up a personal income of $988,000 for 1961 (minus a tax bite of $660,000), to head the list for the sixth time in seven years. Rival Ishibashi, down on his luck, wound up seventh with a mere...
Newly names by taxmen as Japan's biggest income earner ($860,000) in 1960, Shojiro Ishibashi, 72, president of the Bridgestone Tire Co., insists that "money accumulates when one works to serve others. It won't if one simply tries to become rich." Ishibashi (his name means "stone bridge," which he reversed to get his firm's name) took over his father's underwear factory in 1910, has made it Japan's biggest rubber goods manufacturer by such aggressive and once radical tactics as pricing his products uniformly instead of by size, and wooing peasants...