Later this week, three Detroit automakers will send their CEOs before Congress to beg for $25 billion in government loans to help their poorly managed corporations survive in an industry they no longer understand. Haruka Nishimatsu, CEO of Japan Airlines, has a different managerial style. For instance, as the sagging economy began to affect Japan Airlines and it's 50,000 employees, Nishimatsu chose to reduce his own salary to $90,000 and cut all corporate perks in order to save his company money and jobs. His lesson is clear and we hope it reaches American CEOs everywhere: taking care of your employees while displaying some humility is far more important to business than making $14.2 million a year, the average compensation for a chief executive in the United States.

posted by: Harold Johns III

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A New Kind of CEO

December 2, 2008 culture, The Rathaus

Later this week, three Detroit automakers will send their CEOs before Congress to beg for $25 billion in government loans to help their poorly managed corporations survive in an industry they no longer understand. Haruka Nishimatsu, CEO of Japan Airlines, has a different managerial style. For instance, as the sagging economy began to affect Japan Airlines and it’s 50,000 employees, Nishimatsu chose to reduce his own salary to $90,000 and cut all corporate perks in order to save his company money and jobs. His lesson is clear and we hope it reaches American CEOs everywhere: taking care of your employees while displaying some humility is far more important to business than making $14.2 million a year, the average compensation for a chief executive in the United States.

posted by: Harold Johns III

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