Greatest CEO in the WORLD! (And guess what, he's Japanese!)

[Snake Alchemist]

(CBS) There's a lot of resentment these days against executive compensation and all the perks taken by corporate heads.

When the Big Three automakers' CEOs came to Congress begging for a bailout, they got a lecture for arriving in their private jets.

CBS News correspondent Barry Petersen says maybe they could learn something from the boss of Japan Airlines, Haruka Nishimatsu, who takes the bus to work.

Merrill Lynch CEO John Thain spent more than a million dollars decorating his office. But Nishimatsu knocked down his office walls so people can walk up and talk to him, and he works from a desk with an old-fashioned wooden in-and-out box.

There is a rationale to his anti-"corporate perk" lifestyle. It's about his employees.

http://www.cbsnews.com/stories/2009/02/09/sunday/main4785389.shtml

[hifiguy]

1. When Akio Morita ran Sony

he never made more than $300,000 per year, probably around $1M in today's money. And he was the founder of the company. Morita thought making more money than that was "unseemly."

[Snake Alchemist]

2. Japanese philosophy is superior in many ways.

Weather it be environmental concerns, city planning, or ceo pay.