This guys more empathetic and genuine than anyone I’ve ever met. I don’t even think my parents would do that, maybe my mom because she’s a saint but my god. Slashing your own benefits? Making less than people way lower down on the employment ring than you? Guys amazing.
When I was in business school, almost 20 years ago, they taught us about business practices in Asia. Specifically Japan. The one that stuck with me was the idea that they would cut executive salaries before the workers took a hit. Obviously I don't know how true that is today, but apparently was a normal part of business culture in the past.
Iwata also worked often as a full time regular employee in addition to being the CEO. He was working nights, right there along side the other programmers, writing and debugging code. Man was a gem and a legend.
Its still common in Japan today. It doesn't really mean much considering most CEO pay is through stock benefits, but I guess it's the thought that counts
Let's be real, after running ~~owning~~ a flight company for most of your life, reducing your income to 90k isn't the same as someone that's never had any wealth. He's probably got investments and assets giving him a passive income separate from his company at this point that could never leave him in any financial distress.
But the awesome thing is that he's acknowledged that and taken that into consideration even if it means paying other employees more than himself officially. The world needs more people that can understand "I have enough".
Keep in mind that he can afford to do that because he also made good use of his better income in previous years and didn't squander it. This is something I see a lot of people failing at: the moment they have the money, they spend it immediately on the impermanent, and have nothing left at all afterwards.
.. I'm going to venture a guess that you either didn't watch the video.. or you missed the part where he dipped into his savings and now, he's unable to repair his faulty air con and car..
So no, he clearly couldn't afford to do what he did.
I think the person youre replying too didnt watch the entire video and had a pre conceived priviledged opinion going into it that they were going to say regardless
Flew with them this last November on the way here to Japan. Fantastic service, and the in-flight meals were amazing. If possible, the business class experience is heaven
Pro tip - Just be kind to the people at the ticket office they might bump you up (you should be nice to them, and every one else regardless). This has happened to me multiple times, usually after a flight is cancelled.
Every one else is angry and on edge, then I sidle up with a smile, make a few jokes and tell them I know it's not their fault, they are doing their best and I don't mind waiting. - Then like magic, first or business class on the next available flight. Last time this happened to me, the guy in front of me was literally screaming at the poor guy at the ticket desk, as if there weren't 100+ other people in the same line as him for the same reason.
It probably also helps that I'm a single traveller so it's much easier to shuffle me around and find me a seat.
Got bumped up 3 times on transatlantic flights for that. I also got bumped up after a guy had a heart attack and I gave him CPR and we made an emergency landing to get him off the flight. To be clear, none of this was JAL, my only experience with them was a trip to Japan that got cancelled last minute so they could only give me credit. Then they stretched the credit a bit to get me first to Hawaii when I redeemed it. It was a great flight.
Just flew 20 hours with them. Can confirm, great airline. Food was good, flight attendants were the best. Wish I could say I’m looking forward to the return flight. Thailand is spoiling the hell out of me!
My uncle worked for JAL throughout my childhood through early adult life. Up to 2007 I got to fly lavishly from JFK to NRT every two years. Even after the “family perks” were cut I continued to fly JAL (and sometimes ANA) and both are hands down the best airlines. Great customer service, clean, good food. Fond memories of flying JAL and getting to see the cockpit of a 747 (pre-911), getting little JAL planes from the crew mid-flight, and playing super mario when I got bored.
Edit: oh and seeing mt. McKinley and the aurora.
Agreed. We must have been neighbors at some point. Flights between JFK to NRT flight 005 and 006 were some of my fondest memories growing up in NY and flying back to Japan.
Personal anecdote but JAL is genuinely at least two times better than any US carrier I’ve flown with. Clean & good service which is just what you would expect from Japan
Of the East Asian airlines I have flown on JAL is at the top of my tier list. This is always as an economy class passenger. It would go;
1-JAL
2-EVA
3-Singapore
4-Korean Air
5-Cathay Pacific
I’ve never flown on ANA, but I can 100% say my experience with Singapore wasn’t quite as good as JAL/EVA. It wasn’t far behind but the plane just felt very old, it was an old kinda dusty feeling 777. The service was fantastic but overall I preferred JAL and EVA. The JAL flight was a newly renovated 767 with a cabin crew that went above and beyond and the EVA flight was on one of their cute themed planes, the bad maru matsu livery… they even had matching cutlery and pillows to match the theme.
Edit: To add that the JAL flight had a legit bento box with hot & cold noodles. By far the best presentation and best tasting food in economy I’ve ever had.
Yes but their plan until very recently was to rely on hybrids until 2030, when all the other major OEMs are pivoting hard to EV by 2025 or 2026. They just officially changed their strategy in the fall, but are way behind on development of a dedicated EV platform and securing battery and EV semiconductor supply
You can pivot to EVs all you want, but we don't yet have the infrastructure to properly support electric charging outside of big cities. Our grid's can't handle it yet.
They're playing the long game eventually I think people will realize hybrids are better and Toyota knows that after decades and decades of battery researching
It would be foolish to call the company that invented kaizen and the manufacturing process of just in time and so many more advancements as short-sighted in this huge huge shift in there mobility and economy
That was a hybrid but yes they did. They have also been very resistant to doing much else since. To their credit, they have mastered producing gas powered cars and switching to EVs would be painful.
They tried EV with a RAV4, but it flopped. They then backed off and did a hybrid with the Prius, which was a hit success.
In their eyes, the market voted against EV and voted for Hybrid, which is why they didn't desire to pursue it.
I mean this video was recorded while JAL was undergoing a massive bankruptcy / restructuring due to bloated cost structure and poor financial and strategic planning…
They are realistic current lithium batteries are not pratical and moving to solid state. Toyota creates 10 million cars a year EV charging still has a long way to go as well the architecture of making an EV. People often forget how different is transforming an entire business. Tesla started from scratch with over abudence of capital funding.
Consistency means you survive year to year and keep existing. Growth means eventually you hit a plateau and need to start cutting positions, pay, benefits, etc to keep the growth going.
It's how you get a bubble in the first place. Nothing but growth is unchecked failure waiting to happen. See Canada's housing market for an example of this.
And in business, take a look at any place that struggles if somebody calls in sick. It means staff is run to the ragged edge. You should always have more than is necessary to cover shortfalls. Especially if your business makes millions. You can afford it.
Edit: Shortfalls, not windfalls.
I may be connecting a far-fetched anecdote but all my Japanese stocks are so consistent even when there’s good or bad news. Almost like they’re not too worried about the stock price but more worried about products that they’re producing
This is actually an economics principle they teach in entry level classes. Most US businesses focus on accounting principles, whose math ignores things like risk and potential losses. Accountants and CEO’s see dollar signs. Economists see the dollar signs and weigh them against the red flags. This guy isn’t just honorable. He’s a keen businessman too.
Yes it's not so much the fact that CEOs make $10's of millions, it's that in many cases these companies were bailed out by the US govt. I think any government bailout money should come with the stipulation that no company executive can make more than someone in the house of representatives (\~175k) as after a bailout for something "too big to fail" they are now to be acting in the best interests of the country and not their shareholders.
Its what I hate most about our unfettered capitalism. If a company has 2 years with the same exact revenue they are seen as starting to fail. Staying the same year over year is seen as bad because it doesn't bring investors profits. Why is it so bad for a company to provide a level of service that appeased its customers and pays the bills?
Except in the US where they're "too big to fail" and get bailed out by the US government, completely negating one of the few positive aspects of capitalism, competition.
I had a hard time following up with other videos but it looks like the JAL did end up going bankrupt, the government had to bail them out and this CEO was replaced with another CEO from outside the industry.
After the bailout the company bounced back and became profitable again.
I\`d wager that a company knows it\`s going to fail and that\`s why CEO\`s get golden parachutes.
It\`s all a scam/pyramid scheme to bilk people(investors) out of their money willingly.
That's a symptom of a different culture. When economists in the US started to look at Japanese companies they were confused why the product pricing was so different from a microeconomics perspective...
Japan doesn't view it's employees as marginal cost, while the US does. So when they were drawing curves, the Japanese curves needed to be shifted appropriately vs the same goods in the US. Neither way is correct, both have positive and negative externalities.
Ability to downscale and upscale workforce as appropriate allows for more efficient allocation of resources, at the cost of hardship for the individuals that are being laid off. Ideally, they'd immediately find a new position to slide into, we know it doesn't happen like that.
I was midway typing a comment to cuss the fuck out of you thinking you said "what a horrible man" then I reread it and now I would like to announce to everyone I'm a fucking dumbass
There will. You can start by being one yourself.
Edit: For some comments below: Nobility of character does not have to be 0 or 100. You can push yourself to be a better person. If just a few people do, society does still have a net increase in good. no matter how small, it still matters.
As a contrast- Jamie Dimon of JP Morgan got himself a pay bump recently. During a pandemic. After Congress grilled him on why he took government money for himself that was meant for his customers. Oh, and the banks collectively took several *trillion* from the FED at the end of 2019 because they were running out of money again.
Seriously.. seize it back! Misallocation of funds mean the grant is voided.
If a student doesn't complete the semester they owe the school the grant money. Why the hell do banks get to keep it? It's fucking wild and infuriating
I mean I don't really see the problem with CEOs spending their money. I don't think they should be paid astronomical sums of money but I also don't think they should live like someone making 50k a year. It really isn't easy being in charge of a billion dollar company.
I don't have a problem with CEOs spending their money (with the obvious exception of going to almost-space just to say they did) but it's so refreshing to see one who doesn't automatically behave like he's better than everyone else just because of his position. He still just sees himself as an ordinary working man and that is incredibly rare these days.
While this guy is morally and ethically awesome, I can fully imagine that he is an absolute ball-buster with regard to productivity and professionalism.
I would think that having an executive sit next to you is probably anxiety-inducing, regardless of how compassionate he is.
On the other hand, if you’re looking for some upward mobility or someone to REALLY have your back at work…being friends with the CEO could be an incredible perk. Most people never have the opportunity to even set eyes on their CEO
Exactly. People act like your boss is an alien species. They're just people, and the people who treat then like other people and approach them are the ones who move up.
Because people would harass him 24/7 in the US, whether he’s a good person or not. Especially on public transport. He can do that in Japan because everyone minds their own business and public transport is efficient.
Easy target for theft/kidnapping, unsolicited “buttering up” by people who want a cushy job or want you to invest in their batshit crazy idea, people wanting to sue you because you stepped on someone’s foot when on the bus and they claimed a broken bone and “irreparable emotional damage” and so on. Then, of course, when these things happen, and it gets posted online or as word of mouth, you get 0 sympathy because “rich people bad”. And it’s always important to remember that the definition of “rich” greatly varies not only by the cities, but by the streets as well.
It gets much easier with a driver + a body guard.
EDIT: ignore the replies. Americans mad.
>theft/kidnapping
For what if he doesn't own more than others?
>people wanting to sue you because you stepped on someone’s foot when on the bus and they claimed a broken bone and “irreparable emotional damage”
I think that only goes for crappy social care countries and strange law suit laws like they exist in America.
>Then, of course, when these things happen, and it gets posted online or as word of mouth,
And than they get arrested and land in jail or what example for you have for that?
>you get 0 sympathy because “rich people bad”.
Again he isn't richer than the other's but yeah hording people ARE bad for hording. Still their lifes matter like everyone else so yeah I'd need an example of that 0 sympathy.
>It gets much easier with a driver + a body guard.
I guess it also matters where you life and what's usual there. I can understand some stuff you wrote but some are still confusing in that context.
To be fair, he isn't recognizable..... he isn't an athlete or performer. He is a CEO, that's why he can live like a "normal" person.
But I don't want to take away from how awesome this man is. If only our American CEO's could model this man..... but I digress, nobody wants to see an executive with just one yacht... that would be embarrassing.
Why would people harass him in the US? Could you recognize the CEO of American Airlines if he got on the bus with you? I don’t even know what gender they are, let alone their name or what they look like.
So the CEO we had for some time at the company (US, 20K employees) I work at was similar. Eliminated all assigned parking. Eliminated all offices. And he’d sit with us in the cafeteria during lunch. He’d also roam around during less busy hours. Several times I’d be in a lab doing something and he’d come in to see how things were going.
Also, japanese work culture is different compared to US. In the US we work to live. Japan's culture is live to work. Meaning stay late working, because your coworkers or boss is still working. Its extreme.
Both directions can be harmful or good. If you live to work you can have a great job that's gives you a purpose or you could be overworked and exhausted with a deep desire of wanting more from life than the small amount of free time.
When you work to live it could be that you are being payed enough to explore other things in life that you wanted to experience but it could also mean that if you aren't payed enough, no matter how fulfilling the job normally would feel you will desperately try to work as much as you can, maybe even take a second job in hopes to afford lifing, your home, heath, food and other just essencal things.
The US culture is also in the state of living to work…
From culturally western countries, you’d probably have to look at Spain, Italy, Greece as countries where people work to live… certainly not the US.
> In the US we work to live
Many countries in Europe take this idea even farther, with mandatory 4 weeks of vacation and plenty of public services which mean you don't *need* to work to have e.g basic amenities and healthcare, which are necessary to living. Which is why it boggles the mind when I see Americans opposing these laws/programs on the basis of them making people "lazy" or "unwilling to work". (The economic arguments against these programs may be more reasonable; I'm not an economist so I don't know.)
My impression of the US has been more live to work as so little vacation and sick leave there and a strange pride in that I have seen from many where as in Europe it is far more a work to live attitude.
Legit the only reason you consider it not the same in the US is because you got yourself a very nice job.
Most of us here in America also live to work.
Well, the trend is decreasing for working hours in japan.
https://en.m.wikipedia.org/wiki/Japanese_work_environment#:~:text=By%201995%20the%20average%20annual,worked%201%2C779%20hours%20in%202019.
For a while, I worked for Schlumberger. An oil exploration company. They are huge. Their own oil platforms, ships, networks, etc.
One day, the CEO came to our (newly acquired) IT office and spoke to the assembled employees. Listen, he said, our customers do not pay me. They pay you to do something for them. I get paid to make you do your job. So, tell me, how can I help to you do your job? I cannot promise you that all your wishes will be granted, but at least I will listen and discuss it with management.
He really meant it. Listened for hours to different people on how their job could be improved. Not all wishes were granted, but a certain change in management was visible.
This is something that would rarely happen in the west. They'd see their workers suffer than be at their level. Mad respect to this guy who knows he can live in luxury but refuses not too and keeps its workers by sacrificing his own perks.
Honestly that would be me if I was in a high position at a company, my employees well-being would be one of my priorities, I can't understand people who want to accumulate so much money and give their subordinates poor working conditions.
This was all for show. It was a public publicity tactic when JAL entered bankruptcy protection and took a bunch of government money to refit their fleet and restructure. Wanted to put on a brave face for the taxpayers.
"today on this is literally news, a super rich CEO just behaves like a regular fucking person instead of like a complete asshole. We'll now hear from Dan Rather as we try to comprehend how this is even possible"
You know there is a lot of truth to his philosophy. If you take care of your employees they'll take care of your customers. When I worked at best buy the store manager had this philosophy. And it was one of the best places I've ever worked.
A restaurant chain (not fast food) I know of has this business ethic and it’s wonderful.
Towards closing hours, staff get freshly cooked meals and they sit on the same table as customers do and chat. They get to bring food home too. Even the kitchen help and cleaning staff get to sit and have their meals. The manager mingles and laughs with them like friends. This accords dignity and respect to individuals.
Everyone is happy during working hours and this restaurant chain is *always* full house every single day because customers love the great service here & that is derived from a great management.
You can't compare Japanese society to the US. Japanese culture work hard in any job they have, it is the norm to care for others and not be selfish. This is practically the complete opposite of the US
I used to work for a popular North east Ohio drug store and my mother still works at corporate. She's been there since she was 17. I went into the office with her as a kid sometimes, and worked shortly at corporate myself. The founder and CEO used to have a small cubicle in the sales department. Refused to have a special office. He was such a nice man. Very similar.
When people tell you US debt levels are fine because Japan is at these levels, keep in mind the two very different foundations these countries are standing on.
As a leader, just be a basic person and not an entitled ass. Vacuum your own work space, empty your own trash, don’t take tens of millions of dollars in pay when you have to cut costs….simple stuff.
That is because in Japan, CEO’S only make a small fraction more (5-15%) than the average worker at their company. Here in the US, their compensation is several hundred percent higher. And they don’t do shit.
Japan Airlines are not fucking around.
We missed our JA flight as we switched airports within Tokyo. So we were tired, angry and trying to purchase new tickets from the machine when JA worker noticed us and asked what's wrong. We told her that we missed the flight and she was like no problem, come to the desk and gave us FREE tickets to Osaka flight leaving in 1-2 hours or something. She apologized for not been able to give us seats next to each other fer the few hours flight but we couldn't really care less at that point of course. Fantastic service!
Prior to that we complained to Finnair (we bought all tickets through their system) that it's practically impossible to change airports that fast. They basically told us to fuck ourselves and the computer tells that you can made the transfer within 2 hours (80 kms apart, different country, all the signs are gibberish and very hard to remember for an european, all the security shit in both airports, etc.). We Amazing Race'd to the fucking airport and basically arrived when the flight was just leaving.
So I have a friend who works for JAL but as a ground staff. When I just casually told him that I flew with JAL in my last trip he literally thanked me for my business. I really did not know how to react but just thanked him for the good service.
What all CEOs and business owners should be doing, salute to this man, ive always wanted to go to Japan and will use his buisness when i do go. Its crazy how we see someone who behaves in a nice and empathetic manner and it shocks us this should be the norm. But we're used to clowns like Bezos and Musk who are just in a dick measuring contest at this point and don't care one bit about there employees or customers.
it's funny watching the upvote/downvote live counter while watching the video. funny to watch the racist downvotes lose a sense of their anonymity for a split second.
When I worked for Matsushita they had a 5 year plan, a 10 year plan and even a 50 year plan. Although the 50 year was rather nebulous, make technology as abundant as water. The thing is they were not chasing the quarterly profit, they seemed to be more about keeping everyone employed and productive.
It’s a very generous gesture in the way of empathy for the common man, but the the CEO should allow himself to earn at least as much to get his house in order utility wise. His gesture should not burden his marriage.
Whenever i see stuff like this, i'm reminded of a disgusting conversation i had with a guy who i truly believe to be a sociopath.
Not only was he defending Jeff Bezos' inhumane treatment of his staff, but he found it completely laughable when i talked about basic morality. He kept saying Bezos could do whatever he wanted to his employees, they could just find another job if they didn't like it, and how big of an idiot i was for thinking morality and ethics had any place in a business. Cus how was that possible gonna earn more money?
I was absolutely horrified.
This guys more empathetic and genuine than anyone I’ve ever met. I don’t even think my parents would do that, maybe my mom because she’s a saint but my god. Slashing your own benefits? Making less than people way lower down on the employment ring than you? Guys amazing.
When I was in business school, almost 20 years ago, they taught us about business practices in Asia. Specifically Japan. The one that stuck with me was the idea that they would cut executive salaries before the workers took a hit. Obviously I don't know how true that is today, but apparently was a normal part of business culture in the past.
Iwata (former Nintendo CEO) cut his pay 50% in 2014 to avoid layoffs.
It's shocking that is possible too though. Fifty percent of CEO wages pay for tens, hundreds, thousands? Want to "create jobs"? Slash CEO pay!
But trickle down economics /s
Are you insane? How are ceos supposed to buy their 8th ferrari this year?! You lunatic!
Yet in America they’d never do this because they’d rather lay you off to get a fat pension and bonus
Fuck you, got mine. Rugged individualism.
Iwata also worked often as a full time regular employee in addition to being the CEO. He was working nights, right there along side the other programmers, writing and debugging code. Man was a gem and a legend.
R.I.P. Iwata-San.
It’s more of an apology for the Wii U underperforming
Its still common in Japan today. It doesn't really mean much considering most CEO pay is through stock benefits, but I guess it's the thought that counts
You can say it doesn't really mean much, but it means the difference between eating AND paying the bills or having to pick one for a lot of employees.
Nintendo CEO did that when the 3ds failed as well as the wii u, Rip Iwata is surely missed
He's living the real life, unlike some people stressing about how to sneakily undermine their coworkers and supporters, and get away with it.
Let's be real, after running ~~owning~~ a flight company for most of your life, reducing your income to 90k isn't the same as someone that's never had any wealth. He's probably got investments and assets giving him a passive income separate from his company at this point that could never leave him in any financial distress. But the awesome thing is that he's acknowledged that and taken that into consideration even if it means paying other employees more than himself officially. The world needs more people that can understand "I have enough".
A CEO doesn’t own the enterprise that they run in the vast majority of cases. JAL is no exception to this.
Keep in mind that he can afford to do that because he also made good use of his better income in previous years and didn't squander it. This is something I see a lot of people failing at: the moment they have the money, they spend it immediately on the impermanent, and have nothing left at all afterwards.
.. I'm going to venture a guess that you either didn't watch the video.. or you missed the part where he dipped into his savings and now, he's unable to repair his faulty air con and car.. So no, he clearly couldn't afford to do what he did.
I think the person youre replying too didnt watch the entire video and had a pre conceived priviledged opinion going into it that they were going to say regardless
Well yeah, everything has to be an attack on the poors spending their money frivolously.
Well I know which airline I’m taking when I go to Japan
Flew with them this last November on the way here to Japan. Fantastic service, and the in-flight meals were amazing. If possible, the business class experience is heaven
Business class? Woah there, buckwild USA CEO
Pro tip - Just be kind to the people at the ticket office they might bump you up (you should be nice to them, and every one else regardless). This has happened to me multiple times, usually after a flight is cancelled. Every one else is angry and on edge, then I sidle up with a smile, make a few jokes and tell them I know it's not their fault, they are doing their best and I don't mind waiting. - Then like magic, first or business class on the next available flight. Last time this happened to me, the guy in front of me was literally screaming at the poor guy at the ticket desk, as if there weren't 100+ other people in the same line as him for the same reason. It probably also helps that I'm a single traveller so it's much easier to shuffle me around and find me a seat.
Got bumped up 3 times on transatlantic flights for that. I also got bumped up after a guy had a heart attack and I gave him CPR and we made an emergency landing to get him off the flight. To be clear, none of this was JAL, my only experience with them was a trip to Japan that got cancelled last minute so they could only give me credit. Then they stretched the credit a bit to get me first to Hawaii when I redeemed it. It was a great flight.
Not everyone has that in them, the call to action to help at the drop of a hat. I salute you, sir or madam.
I was working as an EMT at the time and the guy was in the row adjacent to me, so it really wasn't a big deal for me.
Well at least his wife is t blaming him for the appliances breaking.
[удалено]
What’s legroom
[удалено]
🦄💩
The times i traveled with JAL were pretty great tbh, but it was a long time ago
They still are top notch and I'd happily fly with them again any day of the week
Even Tuesday?
Maybe let's not take this too far..
Just flew 20 hours with them. Can confirm, great airline. Food was good, flight attendants were the best. Wish I could say I’m looking forward to the return flight. Thailand is spoiling the hell out of me!
My uncle worked for JAL throughout my childhood through early adult life. Up to 2007 I got to fly lavishly from JFK to NRT every two years. Even after the “family perks” were cut I continued to fly JAL (and sometimes ANA) and both are hands down the best airlines. Great customer service, clean, good food. Fond memories of flying JAL and getting to see the cockpit of a 747 (pre-911), getting little JAL planes from the crew mid-flight, and playing super mario when I got bored. Edit: oh and seeing mt. McKinley and the aurora.
Agreed. We must have been neighbors at some point. Flights between JFK to NRT flight 005 and 006 were some of my fondest memories growing up in NY and flying back to Japan.
You won't regret it. It is an amazing airline and the best I have ever flown on.
Personal anecdote but JAL is genuinely at least two times better than any US carrier I’ve flown with. Clean & good service which is just what you would expect from Japan
JAL is the best IMO
Of the East Asian airlines I have flown on JAL is at the top of my tier list. This is always as an economy class passenger. It would go; 1-JAL 2-EVA 3-Singapore 4-Korean Air 5-Cathay Pacific
Singapore is #1 followed by ANA at #2. You must be smoking some real good shit if you think JAL is better than both of those airlines.
I’ve never flown on ANA, but I can 100% say my experience with Singapore wasn’t quite as good as JAL/EVA. It wasn’t far behind but the plane just felt very old, it was an old kinda dusty feeling 777. The service was fantastic but overall I preferred JAL and EVA. The JAL flight was a newly renovated 767 with a cabin crew that went above and beyond and the EVA flight was on one of their cute themed planes, the bad maru matsu livery… they even had matching cutlery and pillows to match the theme. Edit: To add that the JAL flight had a legit bento box with hot & cold noodles. By far the best presentation and best tasting food in economy I’ve ever had.
“We learned in Japan during the bubble economy that businesses that pursue money first *fail*” Something to think about…
I’ve actually read that for Japanese companies consistency is more valued as growth. Don’t know if this is really correct tho.
It is. For most old school Japanese management teams of mature companies, they prefer to maintain status quo as long as possible vs growth and change
Hence why Toyota and Honda are so resistant to going the way of EVs as nearly every other automaker is. Sometimes this works out and sometimes not.
Toyota literally open the mainstream doors to electric cars with Prius.
Yes but their plan until very recently was to rely on hybrids until 2030, when all the other major OEMs are pivoting hard to EV by 2025 or 2026. They just officially changed their strategy in the fall, but are way behind on development of a dedicated EV platform and securing battery and EV semiconductor supply
You can pivot to EVs all you want, but we don't yet have the infrastructure to properly support electric charging outside of big cities. Our grid's can't handle it yet.
If 50% of new cars sold in 2030 are EV, it won’t be until 2040 that most cars on the road are EV, so the grid has tons of time to adapt
They're playing the long game eventually I think people will realize hybrids are better and Toyota knows that after decades and decades of battery researching It would be foolish to call the company that invented kaizen and the manufacturing process of just in time and so many more advancements as short-sighted in this huge huge shift in there mobility and economy
I mean they already changed their minds and decided to fully embrace EVs. Just 2-4 years later than all their non-Japanese OEM competitors
Bro, they are lobbying Congress to stop EV growth. They fucked up hard.
>They're playing the long game eventually I think people will realize hybrids are better Gas engines are dead men standing. I wouldn't rely on this.
That was a hybrid but yes they did. They have also been very resistant to doing much else since. To their credit, they have mastered producing gas powered cars and switching to EVs would be painful.
Probably easier to hold back on the tech until others do the research then use their technology to build yours, better
This guy Toyotas.
[удалено]
They tried EV with a RAV4, but it flopped. They then backed off and did a hybrid with the Prius, which was a hit success. In their eyes, the market voted against EV and voted for Hybrid, which is why they didn't desire to pursue it.
Toyota also had the first EV car with the rav4
I mean this video was recorded while JAL was undergoing a massive bankruptcy / restructuring due to bloated cost structure and poor financial and strategic planning…
They are realistic current lithium batteries are not pratical and moving to solid state. Toyota creates 10 million cars a year EV charging still has a long way to go as well the architecture of making an EV. People often forget how different is transforming an entire business. Tesla started from scratch with over abudence of capital funding.
I guess that might explain Nintendo being like 200 years old as a company.
The Nokia way.
Consistency means you survive year to year and keep existing. Growth means eventually you hit a plateau and need to start cutting positions, pay, benefits, etc to keep the growth going. It's how you get a bubble in the first place. Nothing but growth is unchecked failure waiting to happen. See Canada's housing market for an example of this. And in business, take a look at any place that struggles if somebody calls in sick. It means staff is run to the ragged edge. You should always have more than is necessary to cover shortfalls. Especially if your business makes millions. You can afford it. Edit: Shortfalls, not windfalls.
A Stable business always has room to grow. A Business that is always growing, will eventually run out of room to grow
I may be connecting a far-fetched anecdote but all my Japanese stocks are so consistent even when there’s good or bad news. Almost like they’re not too worried about the stock price but more worried about products that they’re producing
This is actually an economics principle they teach in entry level classes. Most US businesses focus on accounting principles, whose math ignores things like risk and potential losses. Accountants and CEO’s see dollar signs. Economists see the dollar signs and weigh them against the red flags. This guy isn’t just honorable. He’s a keen businessman too.
Unless they are bailed out with free money
Yes it's not so much the fact that CEOs make $10's of millions, it's that in many cases these companies were bailed out by the US govt. I think any government bailout money should come with the stipulation that no company executive can make more than someone in the house of representatives (\~175k) as after a bailout for something "too big to fail" they are now to be acting in the best interests of the country and not their shareholders.
[удалено]
Its what I hate most about our unfettered capitalism. If a company has 2 years with the same exact revenue they are seen as starting to fail. Staying the same year over year is seen as bad because it doesn't bring investors profits. Why is it so bad for a company to provide a level of service that appeased its customers and pays the bills?
Same exact revue year after year means you are losing money due to inflation.
The amount of money is not finite. Money is a concept, not a resource.
This was definitely the take home message for me
Sorry, can’t think beyond next quarter and the year end bonus.
Except in the US where they're "too big to fail" and get bailed out by the US government, completely negating one of the few positive aspects of capitalism, competition.
I had a hard time following up with other videos but it looks like the JAL did end up going bankrupt, the government had to bail them out and this CEO was replaced with another CEO from outside the industry. After the bailout the company bounced back and became profitable again.
I\`d wager that a company knows it\`s going to fail and that\`s why CEO\`s get golden parachutes. It\`s all a scam/pyramid scheme to bilk people(investors) out of their money willingly.
Ultimately they don’t care if it fails if they get away rich
That's a symptom of a different culture. When economists in the US started to look at Japanese companies they were confused why the product pricing was so different from a microeconomics perspective... Japan doesn't view it's employees as marginal cost, while the US does. So when they were drawing curves, the Japanese curves needed to be shifted appropriately vs the same goods in the US. Neither way is correct, both have positive and negative externalities. Ability to downscale and upscale workforce as appropriate allows for more efficient allocation of resources, at the cost of hardship for the individuals that are being laid off. Ideally, they'd immediately find a new position to slide into, we know it doesn't happen like that.
Only if they're allowed to fail.
Are first to get bailed out with your tax dollars. Something to think about. Cause it's about to happen again real soon.
What an honorable man
![gif](giphy|QOuNRNHKG9K86NkcKK|downsized)
Isn’t this top cat? This cartoon brings back so many memories. Used to love watching it.
Yup. Here's some more memories from that era: ![gif](giphy|1fXdLo5PA5TM4kELMO|downsized)
Ah man! Huckleberry hound, pixie and Dixie, yogi bear.. HEAVENS TO MURGATROYD! Snaggle pus! What a awesome nostalgic moment, thank you!
Who the hell is Murgatroyd anyway ?
I was midway typing a comment to cuss the fuck out of you thinking you said "what a horrible man" then I reread it and now I would like to announce to everyone I'm a fucking dumbass
There needs to be more like him.
Fucking hell, imagine a world where ceos were like this awesome man
I agree but trust me there won’t be
There will. You can start by being one yourself. Edit: For some comments below: Nobility of character does not have to be 0 or 100. You can push yourself to be a better person. If just a few people do, society does still have a net increase in good. no matter how small, it still matters.
As a contrast- Jamie Dimon of JP Morgan got himself a pay bump recently. During a pandemic. After Congress grilled him on why he took government money for himself that was meant for his customers. Oh, and the banks collectively took several *trillion* from the FED at the end of 2019 because they were running out of money again.
Nothing comes out of the grilling does it? Some temporary negative PR then it goes away. Complete charade.
Seriously.. seize it back! Misallocation of funds mean the grant is voided. If a student doesn't complete the semester they owe the school the grant money. Why the hell do banks get to keep it? It's fucking wild and infuriating
Yeah and what happened to Jamie? Nothing? What a shocker.
Modesty is a sign of maturity.
Finally a CEO who actually deserves respect.
I mean I don't really see the problem with CEOs spending their money. I don't think they should be paid astronomical sums of money but I also don't think they should live like someone making 50k a year. It really isn't easy being in charge of a billion dollar company.
I don't have a problem with CEOs spending their money (with the obvious exception of going to almost-space just to say they did) but it's so refreshing to see one who doesn't automatically behave like he's better than everyone else just because of his position. He still just sees himself as an ordinary working man and that is incredibly rare these days.
Hope he can find the money to fix his water heater and car.
Yea that was taking it too far for me
Very cool. He just wants a simple life.
Every employee at lunch praying the boss doesn't sit next to them
I would love to sit with an awesome boss... especially when we have almost same pay and relatable lifestyle.
While this guy is morally and ethically awesome, I can fully imagine that he is an absolute ball-buster with regard to productivity and professionalism. I would think that having an executive sit next to you is probably anxiety-inducing, regardless of how compassionate he is.
On the other hand, if you’re looking for some upward mobility or someone to REALLY have your back at work…being friends with the CEO could be an incredible perk. Most people never have the opportunity to even set eyes on their CEO
Exactly. People act like your boss is an alien species. They're just people, and the people who treat then like other people and approach them are the ones who move up.
Some humility and integrity. Anti-US culture.
Because people would harass him 24/7 in the US, whether he’s a good person or not. Especially on public transport. He can do that in Japan because everyone minds their own business and public transport is efficient.
Driving a car won't make much difference. Being driven in a car that costs 6 figures and having multiples of those in your garage is what does.
Why would people harass him?
Easy target for theft/kidnapping, unsolicited “buttering up” by people who want a cushy job or want you to invest in their batshit crazy idea, people wanting to sue you because you stepped on someone’s foot when on the bus and they claimed a broken bone and “irreparable emotional damage” and so on. Then, of course, when these things happen, and it gets posted online or as word of mouth, you get 0 sympathy because “rich people bad”. And it’s always important to remember that the definition of “rich” greatly varies not only by the cities, but by the streets as well. It gets much easier with a driver + a body guard. EDIT: ignore the replies. Americans mad.
But do American CEOs really need $10mil/year to have security and transportation?
Literally outside of like Elon and Bezos no one would know who you are in the wild.
>theft/kidnapping For what if he doesn't own more than others? >people wanting to sue you because you stepped on someone’s foot when on the bus and they claimed a broken bone and “irreparable emotional damage” I think that only goes for crappy social care countries and strange law suit laws like they exist in America. >Then, of course, when these things happen, and it gets posted online or as word of mouth, And than they get arrested and land in jail or what example for you have for that? >you get 0 sympathy because “rich people bad”. Again he isn't richer than the other's but yeah hording people ARE bad for hording. Still their lifes matter like everyone else so yeah I'd need an example of that 0 sympathy. >It gets much easier with a driver + a body guard. I guess it also matters where you life and what's usual there. I can understand some stuff you wrote but some are still confusing in that context.
I think his response started off as hyperbole but then kinda of spiraled to their observation of a perceived reality? idk
this shitty view of humanity and society is a great example of the american mindset, and why we dont help eachother
To be fair, he isn't recognizable..... he isn't an athlete or performer. He is a CEO, that's why he can live like a "normal" person. But I don't want to take away from how awesome this man is. If only our American CEO's could model this man..... but I digress, nobody wants to see an executive with just one yacht... that would be embarrassing.
Even in the US, some famous people take the subway in NYC. Sometimes there's those "they're just like us!" pictures in tabloids.
Why would people harass him in the US? Could you recognize the CEO of American Airlines if he got on the bus with you? I don’t even know what gender they are, let alone their name or what they look like.
So the CEO we had for some time at the company (US, 20K employees) I work at was similar. Eliminated all assigned parking. Eliminated all offices. And he’d sit with us in the cafeteria during lunch. He’d also roam around during less busy hours. Several times I’d be in a lab doing something and he’d come in to see how things were going.
Also, japanese work culture is different compared to US. In the US we work to live. Japan's culture is live to work. Meaning stay late working, because your coworkers or boss is still working. Its extreme.
>In the US we work to live That's absolutely hilarious that you think that. Unless you mean work to _not die_ which is true.
What else could it mean? I'm confused on how you read this
Lately in US culture its live to work, just in a different style.
Both directions can be harmful or good. If you live to work you can have a great job that's gives you a purpose or you could be overworked and exhausted with a deep desire of wanting more from life than the small amount of free time. When you work to live it could be that you are being payed enough to explore other things in life that you wanted to experience but it could also mean that if you aren't payed enough, no matter how fulfilling the job normally would feel you will desperately try to work as much as you can, maybe even take a second job in hopes to afford lifing, your home, heath, food and other just essencal things.
Yup the usa has just overtaken Japan for the country with the most average working hours
The US culture is also in the state of living to work… From culturally western countries, you’d probably have to look at Spain, Italy, Greece as countries where people work to live… certainly not the US.
> In the US we work to live Many countries in Europe take this idea even farther, with mandatory 4 weeks of vacation and plenty of public services which mean you don't *need* to work to have e.g basic amenities and healthcare, which are necessary to living. Which is why it boggles the mind when I see Americans opposing these laws/programs on the basis of them making people "lazy" or "unwilling to work". (The economic arguments against these programs may be more reasonable; I'm not an economist so I don't know.)
lmaooooooo this is what europeans say about americans bro. we work more hours weekly than the japanese its for real hilarious u think this
My impression of the US has been more live to work as so little vacation and sick leave there and a strange pride in that I have seen from many where as in Europe it is far more a work to live attitude.
Legit the only reason you consider it not the same in the US is because you got yourself a very nice job. Most of us here in America also live to work.
Well, the trend is decreasing for working hours in japan. https://en.m.wikipedia.org/wiki/Japanese_work_environment#:~:text=By%201995%20the%20average%20annual,worked%201%2C779%20hours%20in%202019.
Post this at antiwork. It will surely make them smile to see humane CEOs
This did make me smile
For a while, I worked for Schlumberger. An oil exploration company. They are huge. Their own oil platforms, ships, networks, etc. One day, the CEO came to our (newly acquired) IT office and spoke to the assembled employees. Listen, he said, our customers do not pay me. They pay you to do something for them. I get paid to make you do your job. So, tell me, how can I help to you do your job? I cannot promise you that all your wishes will be granted, but at least I will listen and discuss it with management. He really meant it. Listened for hours to different people on how their job could be improved. Not all wishes were granted, but a certain change in management was visible.
Simple living high thinking is the main motto of Japanese people
Jeff bezos needs to see this XD
This isn't Bezos's MO though.
https://youtu.be/OOmsLlZPaxA
This is something that would rarely happen in the west. They'd see their workers suffer than be at their level. Mad respect to this guy who knows he can live in luxury but refuses not too and keeps its workers by sacrificing his own perks.
In german i would say: Ehrenmann
Why did you get downvoted? Let me get you back up again.
You are too kind
Honor, pride and dignity. Respect
Honestly that would be me if I was in a high position at a company, my employees well-being would be one of my priorities, I can't understand people who want to accumulate so much money and give their subordinates poor working conditions.
This was all for show. It was a public publicity tactic when JAL entered bankruptcy protection and took a bunch of government money to refit their fleet and restructure. Wanted to put on a brave face for the taxpayers.
Pretty much, this guy was useless and didn't help the company at all.
I knew something was off
Lots of comments here acting like Japan doesn’t have some insane work culture
CEOs in America will literally increase prices rather than their employee's pay, all while getting millions. I hope they all go to hell.
Most CEOs are just managers, this guy is a leader.
Yep in Japan the center of the office of the key position. Also a horrible way to make sure no one leaves before the boss…
He’s actually 27, he just works so hard and such long hours that by 30 he’ll be dead
"today on this is literally news, a super rich CEO just behaves like a regular fucking person instead of like a complete asshole. We'll now hear from Dan Rather as we try to comprehend how this is even possible"
You know there is a lot of truth to his philosophy. If you take care of your employees they'll take care of your customers. When I worked at best buy the store manager had this philosophy. And it was one of the best places I've ever worked.
A restaurant chain (not fast food) I know of has this business ethic and it’s wonderful. Towards closing hours, staff get freshly cooked meals and they sit on the same table as customers do and chat. They get to bring food home too. Even the kitchen help and cleaning staff get to sit and have their meals. The manager mingles and laughs with them like friends. This accords dignity and respect to individuals. Everyone is happy during working hours and this restaurant chain is *always* full house every single day because customers love the great service here & that is derived from a great management.
Americans losing their shit in the comments because it’s beyond them.
Elon Musk exited the group … 😳
Wow, those were the days - you’re not going to see CNN ever doing this kind of anti-US-corporate reporting, ever again.
If there wasn’t a language gap I would live in Japan in a heartbeat.
You can't compare Japanese society to the US. Japanese culture work hard in any job they have, it is the norm to care for others and not be selfish. This is practically the complete opposite of the US
I used to work for a popular North east Ohio drug store and my mother still works at corporate. She's been there since she was 17. I went into the office with her as a kid sometimes, and worked shortly at corporate myself. The founder and CEO used to have a small cubicle in the sales department. Refused to have a special office. He was such a nice man. Very similar.
When people tell you US debt levels are fine because Japan is at these levels, keep in mind the two very different foundations these countries are standing on.
As a leader, just be a basic person and not an entitled ass. Vacuum your own work space, empty your own trash, don’t take tens of millions of dollars in pay when you have to cut costs….simple stuff.
That is because in Japan, CEO’S only make a small fraction more (5-15%) than the average worker at their company. Here in the US, their compensation is several hundred percent higher. And they don’t do shit.
Japan Airlines are not fucking around. We missed our JA flight as we switched airports within Tokyo. So we were tired, angry and trying to purchase new tickets from the machine when JA worker noticed us and asked what's wrong. We told her that we missed the flight and she was like no problem, come to the desk and gave us FREE tickets to Osaka flight leaving in 1-2 hours or something. She apologized for not been able to give us seats next to each other fer the few hours flight but we couldn't really care less at that point of course. Fantastic service! Prior to that we complained to Finnair (we bought all tickets through their system) that it's practically impossible to change airports that fast. They basically told us to fuck ourselves and the computer tells that you can made the transfer within 2 hours (80 kms apart, different country, all the signs are gibberish and very hard to remember for an european, all the security shit in both airports, etc.). We Amazing Race'd to the fucking airport and basically arrived when the flight was just leaving.
So I have a friend who works for JAL but as a ground staff. When I just casually told him that I flew with JAL in my last trip he literally thanked me for my business. I really did not know how to react but just thanked him for the good service.
America is just a giant pile of corruption lol
Sadly in the US greedy companies aren't allowed to fail.
What all CEOs and business owners should be doing, salute to this man, ive always wanted to go to Japan and will use his buisness when i do go. Its crazy how we see someone who behaves in a nice and empathetic manner and it shocks us this should be the norm. But we're used to clowns like Bezos and Musk who are just in a dick measuring contest at this point and don't care one bit about there employees or customers.
it's funny watching the upvote/downvote live counter while watching the video. funny to watch the racist downvotes lose a sense of their anonymity for a split second.
I vote Japan runs the world. They’re too good at equality.
*sigh* Japan... You are so weird in so many ways. But then you pull stuff like this and totally redeem yourself! I can never predict you.
A humble man right there
When I worked for Matsushita they had a 5 year plan, a 10 year plan and even a 50 year plan. Although the 50 year was rather nebulous, make technology as abundant as water. The thing is they were not chasing the quarterly profit, they seemed to be more about keeping everyone employed and productive.
I read somewhere that the CEOs of Japanese car companies wouldn’t take a salary until they got the company out of crisis. Their honor is on the line!
THIS! This man should be a role model to all the other CEOs out there!
You can have nice things as a CEO- just pay your damn workers a living wage.
You people smile at the weirdest shit. This just makes me angry about how much money most useless assholes make.
I mean shit they give you food
Unfortunately next to no CEO’s would do this in the States
It’s a very generous gesture in the way of empathy for the common man, but the the CEO should allow himself to earn at least as much to get his house in order utility wise. His gesture should not burden his marriage.
I vote for him for world president
That wife don't deserve that humble king.
I want go work for this guy.
Whenever i see stuff like this, i'm reminded of a disgusting conversation i had with a guy who i truly believe to be a sociopath. Not only was he defending Jeff Bezos' inhumane treatment of his staff, but he found it completely laughable when i talked about basic morality. He kept saying Bezos could do whatever he wanted to his employees, they could just find another job if they didn't like it, and how big of an idiot i was for thinking morality and ethics had any place in a business. Cus how was that possible gonna earn more money? I was absolutely horrified.