business

How hard truths won Mitsubishi Motors a lifeline from Nissan

4 Comments
By Maki Shiraki and Nobuhiro Kubo

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Yeah, "Hard truths" -- doesn't matter what you do, you will be protected if you are a big company. I'm curious to know how much the recently resigned Mitsubishi CEO is 'suffering', and of course how much his golden parachute and what his next amakudari job is.

3 ( +4 / -1 )

Mitsubishi needed the R&D help and thankfully they have the cash to make some adjustments. Mitsubishi CEO honestly did not know of the fuel cheating, but demanded high fuel efficiency that the engineers could not meet. Many Mitsubishi engineers left after the first scandal.

1 ( +1 / -0 )

Yeah, "Hard truths" -- doesn't matter what you do, you will be protected if you are a big company. I'm curious to know how much the recently resigned Mitsubishi CEO is 'suffering', and of course how much his golden parachute and what his next amakudari job is.

(1) Compared to a British or American golden parachute, his will almost certainly be rather threadbare.

(2) Amakudari is used for high flying national bureaucrats who get reemployed in the private sector. It is not used the way you have here.

中央省庁の高級官僚が退官後,民間企業や特殊法人,地方自治体などの役員・幹部職に再就職すること

-3 ( +1 / -4 )

http://stocks.finance.yahoo.co.jp/stocks/detail/?code=7211.T&d=1

MMC was up 5%+ on this news. I wish Mitsubishi and Nissan well and hope their truth and luck continues. I will expect great things in the future from these two.

0 ( +0 / -0 )

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