Leadership and Competitiveness
He (Morita) assured the audience that they would find the Japanese market open to them - if and when they had something appealing to offer to the Japanese consumer. Then he smiled his outrageous, radiant smile and suggested that the competitiveness of American industry might be improved if its leaders paid themselves less richly. Clearly this was a slap in the face, yet it was delivered with such warmth and collegiality, such familiar ease and good humour, that the American CEOs who had paid $14,000 to attend rose as though ensorcelled to applaud him.
Akio Morita
In World Economic Forum DAVOS in 1992
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