JAL Looks to Mobile Founder
As bankruptcy and restructuring looms, the founder of Kyocera and KDDI tapped to lead Japan Airlines – http://bit.ly/6wkfyo
As bankruptcy and restructuring looms for Japan Airlines Corp, Tokyo has tapped a respected entrepreneur and longtime political ally to wean the company off bailouts and bureaucracy.
Kazuo Inamori, 77, founded electronic components behemoth Kyocera Corp and Japan’s No 2 mobile carrier, KDDI Corp. The ruling party is hoping his clout and unique management style – he became a Buddhist monk after retiring and extols “amoeba management” theories – can help turn things around at the airline, long criticised for its inflexibility.
Analysts praise his experience and outlook, but are unsure about his knowledge of the airline industry. Via AP