Japan Airline’s President and CEO Haruka Nishimatsu is the model by which all other CEOs should be measured.
Take a look…
Juxtapose these actions with the nonsense we heard about yesterday from Merrill Lynch’s completely out-of-touch CEO who wanted a $10M bonus for selling the company to Bank Of America before it failed.
JAL was going through some very tough times in 2007 when Nishimatsu was appointed CEO. Jobs were cut. People were asked to take early retirement. As he commented “The employees who took early retirement are the same age as me. I thought I should share the pain with them. So I changed my salary.”
An inspiring example and one I hope CEOs of struggling companies take note of.