JAL CEO Cuts Pay


JAL CEO Cuts Pay

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[JAL CEO Cuts Pay]

[Kyung Lah (Tokyo):] Source: LYBIO.net
After his morning commute on the city bus, Haruka Nishimatsu heads into the office. And gets busy at his desk with the rest to his Japan Airlines coworkers. At lunch he lines up in the cafeteria and hopes lunch doesn’t get too cold as he waits to pay, not exactly the glamorous life you’d expect from the CEO of one of the world’s top 10 international airlines. Is it so strange asked Nishimatsu.

[Haruka Nishimatsu:]
I don’t think that’s so strange.

Perhaps that’s why when JAL slashed jobs and asked older employees to retire early, Nishimatsu cut every single one of his corporate perks and then for three years running slashed his own pay. In 2007, he made about US$90,000, less than what his pilots earn.

The employees who took early retirement are the same generation and age me, I thought I should share the pain with them, so I change my salary. Nishimatsu shrugs it off, saying it’s not a big deal. But that’s certainly stands in contrast to this CEOs in the United States being grilled by Congress over perceived corporate excesses, ballooning salaries, and bonuses.

Is that fair.

When we mentioned to Nishimatsu that the top-paid US CEO’s make tens of millions, in some cases nearly $200 million a year, and yes that’s in dollars.

[Haruka Nishimatsu:]
$200 million?

Can you imagine making that much.

[Haruka Nishimatsu:]

[Kyung Lah (Tokyo):] Source: LYBIO.net
In Japan, says Nishimatsu, there’s less of a pay gap between the top and the bottom. We in Japan learned during the bubble economy that businesses who pursue money first failed, the business world has lost sight of this basic tenant of business ethics. Nishimatsu says his airline has a long difficult recovery ahead, as far as his pay he’s dug into a savings like the rest of us.

The air conditioning broke and the water heater and the car, my wife is still telling me this is all your fault, but relating to his employees and his passengers are feeling and living in the global slowdown might be that ticket to his airlines own survival.

Kyung Lah, CNN Tokyo.

JAL CEO Cuts Pay

JAL CEO Cuts Pay

JAL CEO Cuts Pay. US CEO’s make tens of millions, in some cases nearly $200 million a year. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.

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