The afternoon deal with JAL
For a freshly minted CEO, Japan Airline’s Kazuo Inamori isn’t saying the standard fare.
“I don’t know anything about the transportation industry, but I would like to make my best contribution,” Inamori told reporters after meeting Prime Minister Yukio Hatoyama, adding that he did not plan to take a salary.
“I am old and a full-time job is hard for me, so I would like to work three or four days a week and I will work for free.” Read the full story here.
The selling has been steep for Japan Airlines stock and many expect bankruptcy is looming. Not to understate the matter, but Inamori is in for a wild ride.
The rundown from the Web:
New JAL CEO as shares tumble – Reuters video
The confusing world of Japan and Japan Airlines – The Dallas Morning New
JAL: Some things don’t stay the same, or do they? ft.com/alphaville
All about Kazuo Inamori:
Five facts about Inamori – Reuters
New JAL chief to take a philosophical view – The Financial Times