Hiroshi Nakamura / Chief Executive Officer
Perspectives from a life in leadership.
The latest essay
When the exchange asked listed companies trading below book value to explain themselves, many answered with buybacks. A buyback can help, but the ratio is a judgement on what each plant earns against the capital it holds, and the answer has to be found there.
Read the essayWhen the exchange asked listed companies trading below book value to explain themselves, many answered with buybacks. A buyback can help, but the ratio is a judgement on what each plant earns against the capital it holds, and the answer has to be found there.
Japanese manufacturing has been through many data scandals, and each is usually explained as a failure of individual ethics or compliance training. In my experience the cause sits earlier, in a commercial promise the process could never keep.
Japanese manufacturers have long let the outgoing president choose a successor and then become chairman or a senior adviser. Promoting from inside can serve a company well. Keeping the previous president in the room usually does not.