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© (c) Copyright Thomson Reuters 2016.Seven & i's new head keen on advisory role for departing CEO Suzuki
By Taiga Uranaka and Ritsuko Shimizu TOKYO©2024 GPlusMedia Inc.
6 Comments
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fxgai
What sort of compensation would he get for being an adviser?
Sounds like a good deal to me, unless you are a shareholder.
gogogo
Only in Japan are company boards run like governments.
Kobe White Bar Owner
Keenly awaiting Mr Suzuki's response. If im not mistaken Suzuki was trying to secure the position for his son.
Peter Qinghai
In a sense, it's something good. After all who should know the ship the best, but the captain who's been in command for many years. Mr. Isaka, just wants what's best for the company.
Mlodinow
Suzuki is 83 years old so perhaps he might think about retiring instead? With all due respect to him (as the article says he is revered in the industry) at such an age what real benefit would the company be getting? No doubt his actual contribution would be minimal, while his paycheck would be massive.
Personally. I'm sick of seeing 70+ year old CEOs in Japan. With few exceptions, such elderly people trying to hold onto power (both corporate and political) are the reason for the lost decade and continuing stagnation. Let younger people with fresher ideas for the current age come through.
Tom Webb
Just make a clean break. Let Mr. Suzuki go.