Japanese CEO sets a good example

http://www.flightglobal.com/articles/2007/03/19/212611/sink-or-swim-haruka-nishimatsu-chief-executive-japan.html

DATE:19/03/07
SOURCE:Airline Business
Sink or swim: Haruka Nishimatsu, chief executive Japan Airlines
By Nicholas Ionides

Photography by Kevin Phillips

Haruka Nishimatsu is challenging the corporate culture at Japan Airlines, as he attempts to bring the troubled carrier back from the brink

A recent restructuring document issued by Japan Airlines (JAL) contained the revelation that chief executive Haruka Nishimatsu had taken a 60% pay cut, giving him a base annual salary of just ¥9.6 million (or $80,000).

Sceptics may call it a public relations move, but in a country where sizeable bonuses are not a major part of the culture, it is more than that. JAL's pilots make far more, for example, and for Nishimatsu the pay cut is intended to send a clear message to his staff.

A current video about this is at
http://www.japanprobe.com/?p=7479
November 25th, 2008 by James

CNN reports on JAL CEO Haruka Nishimatsu, who responded to times of trouble by cutting his own salary and benefits: