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JAL is not the best example for many reasons. The cuurent leader is a former monk (who was appointed after the airline "froze" - stopped flying due to gross mi
by redis_mlc 7y ago
JAL is not the best example for many reasons.
The cuurent leader is a former monk (who was appointed after the airline "froze" - stopped flying due to gross mismanagement,)
In Japan, leaders get massive benefits.
- arcticbull 7y agoMonastic backstory aside do leaders not get non-monetary benefits in American society?
- redis_mlc 7y agoNo, not to a comparable level. Japanese leaders get free houses, air travel, etc. worth millions. In the US you must report that to the IRS, but not in Japan. However, American leaders scam their company using buybacks, which is the top white-collar crime of the past 2 centuries. (By boosting EPS, your options/shares are worth much more, and you can automatically hit any EPS targets.) Even hardware engineers in Japan are treated really well - the company will find you an apartment, a wife, etc. When you travel, you don't carry anything, you can Fedex it ahead of your trip. Your business card from a major company is essentially a VIP pass everywhere.
- arcticbull 7y agoCan you imagine a single person who would turn down the role of CEO of the biggest airline in the world because it only paid $80K? I can't.