Japan Airlines CEO cut his salary and all his perks and makes less than the pilots

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This was after cutting 10k jobs at the company.

http://www.youtube.com/watch?v=fF6lxILnRuE

Other highlights from the video:
-He takes the city bus to work
-He buys from and eats at the company cafeteria
-Looks like he doesn't even have his own room in the office
-He makes only $90k USD a year

Compare him to the fucksticks of the Big Three and pretty much every other goddamn Wall Street CEO in the US. I think this speaks for itself. I read in the WSJ today that the Ford and GM CEOs refused to even CONSIDER that would cut their salaries at all as a consequence of being bailed out, while the Chrysler CEO doesn't earn a salary, just other compensation.
 
[quote name='Layziebones']You act like he cut it down to 35k. 90k is still a great amount to be making a year.[/QUOTE]

Uh, not really, especially considering the cost of living in Japan and considering a CEO is actually a really tough job if you actually give a shit about it. Just not a several million a year job, no job is.
 
[quote name='Layziebones']You act like he cut it down to 35k. 90k is still a great amount to be making a year.[/quote]
Most CEOs make way more than that, especially in the US.
 
[quote name='JolietJake']Most CEOs make way more than that, especially in the US.[/quote]

The average is porbably about 125k. Not every CEO leads a gigantic company. Quite a few might run much smaller operations.
 
[quote name='Layziebones']The average is porbably about 125k. Not every CEO leads a gigantic company. Quite a few might run much smaller operations.[/QUOTE]

Well, for the size of his company, 90k is not a whole lot.
 
It is just American CEO are really overpaid. Can't remember the names but when an American and Germany company merged, there were huge differences between the American exclusives and their German counterpart. They ended up giving huge raise to the Germans so they will have the same salary.
 
[quote name='62t']It is just American CEO are really overpaid. Can't remember the names but when an American and Germany company merged, there were huge differences between the American exclusives and their German counterpart. They ended up giving huge raise to the Germans so they will have the same salary.[/quote]
I agree. While CEOs do deserve more then your average worker the salaries and bonuses American CEOs get are ridiculously high.
 
[quote name='Layziebones']The average is porbably about 125k. Not every CEO leads a gigantic company. Quite a few might run much smaller operations.[/quote]


right, but his company is not a small rinky dink company
 
[quote name='Layziebones']The average is porbably about 125k. Not every CEO leads a gigantic company. Quite a few might run much smaller operations.[/quote]

I work directly under my boss as the company's only employee. My boss makes $250K a year, last I checked. :x
 
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[quote name='Layziebones']The average is porbably about 125k. Not every CEO leads a gigantic company. Quite a few might run much smaller operations.[/quote]
Perhaps for a smaller company, which doesn't apply here.
 
[quote name='Layziebones']The average is porbably about 125k. Not every CEO leads a gigantic company. Quite a few might run much smaller operations.[/QUOTE]

http://swz.salary.com/salarywizard/layouthtmls/swzl_compresult_national_EX05000001.html

Click "benefits" for total compensation (base salary + bonuses + benefits)

Median: $1,228,014

Even 25th percentile is around 1m, and that's including all those small business owners, even one-man companies...

You're absolutely insane if you don't think business executives, small business and otherwise, are woefully overcompensated in America
 
Three cheers for the keiretsu model of capitalism.

And don't you people DARE criticize US ceo salaries. Bob Nardelli earned every bit of his $212 million "I fucked up and now you're firing me" severance package, just like Toby in the hammer department earned every bit of the $7/hr he picked up after being laid off at the factory across town.
 
I think CEO pay is one of the best indicators of a well run firm. If investing, I would look there first. A company that properly values its leadership and has personnel in leadership positions that properly value themselves is the hallmark of a successful business. Costco is a great example of this. I wonder why more traders don't weigh that.
 
I look at it like this...

If this is a company that has your name on it, you built it up, or it is in your family, you deserve to make as little or as much as you want especially if it isn't a publicly traded company.
 
[quote name='mykevermin']Overall "ethical responsibility" isn't always a good indicator of a well-run firm. Steve and Barry's went under last week, no?[/QUOTE]
Totally. I'm just saying it's certainly a reasonable data point among others that for some reason finds its way into the process far less than it should.
 
[quote name='GuilewasNK']I look at it like this...

If this is a company that has your name on it, you built it up, or it is in your family, you deserve to make as little or as much as you want especially if it isn't a publicly traded company.[/quote]

That's a bit too simplistic for my tastes. I just don't think you can strip all ethics out of the question. There are many other issues to consider (such as paying your employees a fair wage, providing a safe place to work, producing a product safe for public use/consumption, not operating as a monopoly/part of a cartel, etc)

Personally I'd like to see more public outcry about the executive class who live high on the hog while their employees suffer or are fired - you know the same execs we bailout after they are caught foisting shoddy products and sham investments on an unsuspecting public.
 
[quote name='Dead of Knight']It's a bullshit PR stunt, since he likely gets millions in benefits, perks, bonuses, etc. I don't think you'll be seeing him taking the city bus to work.[/quote]

Yeah, but at least he took a little less pay. Frankly, I'm honestly shocked when I see any incremental move towards corporate responsibility by the executive class.
 
[quote name='camoor']That's a bit too simplistic for my tastes. I just don't think you can strip all ethics out of the question. There are many other issues to consider (such as paying your employees a fair wage, providing a safe place to work, producing a product safe for public use/consumption, not operating as a monopoly/part of a cartel, etc)

Personally I'd like to see more public outcry about the executive class who live high on the hog while their employees suffer or are fired - you know the same execs we bailout after they are caught foisting shoddy products and sham investments on an unsuspecting public.[/QUOTE]

Bob Nardelli should be an embarrassing example of executive largesse instead of just another guy who got $200+ million for fucking up a company and being fired.
 
[quote name='camoor']That's a bit too simplistic for my tastes. I just don't think you can strip all ethics out of the question. There are many other issues to consider (such as paying your employees a fair wage, providing a safe place to work, producing a product safe for public use/consumption, not operating as a monopoly/part of a cartel, etc)

Personally I'd like to see more public outcry about the executive class who live high on the hog while their employees suffer or are fired - you know the same execs we bailout after they are caught foisting shoddy products and sham investments on an unsuspecting public.[/quote]


Yes it's simplistic, but you know what I mean.

The thing is that it is really easy for us to say something now. If we owned our own company or were a CEO I doubt we'd pay ourselves a $1 for any reason unless we got into the same situation the automakers are in. It's really easy to say we wouldn't take advantage of perks, that we wouldn't have nice things. I'm not excusing those automotive clowns (the execs and the union leaders are fools as far as I am concerned), but more than a little idealism being talked about here.
 
[quote name='mykevermin']Bob Nardelli should be an embarrassing example of executive largesse instead of just another guy who got $200+ million for fucking up a company and being fired.[/quote]

Too true. Unfortunately we need an Enron-style clusterfuck (or a mild sex scandal) before American investors demand to see heads rolling. Simply running a company into the ground while you live the high life on the company dime and fill your pockets is so routine that there isn't even an outcry anymore.

[quote name='GuilewasNK']Yes it's simplistic, but you know what I mean.

The thing is that it is really easy for us to say something now. If we owned our own company or were a CEO I doubt we'd pay ourselves a $1 for any reason unless we got into the same situation the automakers are in. It's really easy to say we wouldn't take advantage of perks, that we wouldn't have nice things. I'm not excusing those automotive clowns (the execs and the union leaders are fools as far as I am concerned), but more than a little idealism being talked about here.[/quote]

Well come on. Noone is advocating that CEOs be paid $1. A good CEO is talented, he or she works longer and harder then the average man and deserves to be compensated accordingly. The problem comes in with the modern brand of CEOs where the goal is to raid the company for as much cash and compensation as they can regardless of long-term business health. Too often the board of directors turn a blind eye to these practices in return for business favors - such as a contract to legally represent the company or a big deal to sell supplies.

Everyone deserves a fair wage. Normally when we say fair wage we mean paying an Ethiopian coffee grower more then just the money he requires for basic sustinence. However I happen to think it should also apply to CEOs, who are taking advantage of their postion to unfairly profit from lopsided power relationships.

I think it all starts with getting the word out to the public. The media needs to start doing their damn jobs and exposing the exploitation of America's government dollars and middle class for what it is. There's no excuse for allowing plutocratic policies sold by a shill like "Joe the Plumber" to gain any traction in the minds of gullible Americans.
 
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