DealZone

The afternoon deal with JAL

January 13, 2010

Kazuo Inamori speaks to reporters after meeting Prime Minister Yukio Hatoyama at the latter's official residence in TokyoFor 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:

Q+A: Japan Airlines flirts with bankruptcy, seeks aid – Reuters

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

British Airways Offers to Triple Japan Air Codeshares Bloomberg

All about Kazuo Inamori:

Five facts about Inamori
– Reuters

New JAL chief to take a philosophical view – The Financial Times

Japan Picks Transport “Novice” Inamori for Japan Air Turnaround – Bloomberg

Inamori’s “Words of the Week”

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