The former Japan Airlines (JAL) CEO, Haruka Nishimatsu, is one of the few corporate leaders that epitomizes humility. When the airline hit hard times back in 2009, he selflessly cut his own salary to less than what his pilots earned at the time!
In this world where greed has taken over, stories like these bring back our faith in humanity. Haruka used to stand in the cafeteria line for lunch, just like any other employee and he believed that if his employees who are of his age are suffering pay cuts, he should share in the pain with them.
Nishimatsu says, “A CEO doesn’t motivate by how many millions he makes, but by convincing employees you’re all together in the same boat.” [1]
The business world could certainly learn from this kind man.
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Wow a CEO with morals
ReplyDeleteAnother CEO worth mentioning, Richard Kinder. No corporate jets for executives, and the company will only pay for coach flights for execs. No 5 star hotels, until the last year or two, they'd stay at the Red Roof Inn when visiting NYC. Oh, and Richard Kinder's salary is $1; and has been paid that for years. The vast majority of his personal wealth is in his own company's stock. He's been very generous to the Houston, Tx area; donating tens of millions to educational projects.
ReplyDeleteDo you mean Richard Kinder the former President & COO of Enron Corporation?
ReplyDelete139-Richard Kinder left Enron after he was passed up in favor of Ken Lay, the same Ken Lay that decided fraud was a solid business plan. Kinder resigned, and decided to purchase Enron's pipeline assets. He turned a $40M investment into the largest energy infrastructure company in North America with an enterprise value in excess of $125B, owning more than 80K miles of pipelines and 180 terminals. He is the modern JD Rockefeller.
ReplyDeleteand the $40M investment came from???
ReplyDeleteWas impressed until the last sentence.
ReplyDelete404-Check his personal record. He received a B.A. in 1966 and a J.D. in 1968, both from the University of Missouri.
ReplyDeleteHe began his career in the energy business as an attorney with Florida Gas Transmission, which eventually became Enron Corporation, after a series of mergers He had been friends with its founder, Kenneth Lay, in college. From 1990 to December 1996, he served as its President and COO. He resigned from Enron in 1996 to start a new pipeline company with college friend William V. Morgan. They purchased Enron Liquids Pipeline for $40 million.
and the $40M investment came from???
ReplyDelete