Engineers Rule, 2006
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The lean and compact Fukui, like all of his predecessors, is an engineer who started in R&D and later ran the subsidiary. While other auto chief-executives-to-be were punching keyboards in an accounting office, Fukui ran the company’s motorcycle racing operations. He’s still racing. He hikes the stairs to his tenth-floor desk–tenth floor so he’s in the middle of things at Honda’s 16-story Tokyo headquarters and a desk because executives at Honda don’t have offices. Honda doesn’t disclose executive pay in detail, but the sum of salaries and bonuses that Fukui shares with 36 board members, $13 million, is just about enough for the boss at a big American company.
I checked and Honda was also profitable in 2007 and 2008 fiscal year (ending in September) and no I see no evidence of any layoffs this year (when I look online).
Related: Honda Engineering – Back to School for Honda Workers, 1993 – The Google Way: Give Engineers Room – Google’s Ten Golden Rules – Toyota as Homebuilder – Curious Cat Science and Engineering Blog – Toyota’s CEO pay under $1 million
Thanks for posting on Honda’s methods. We hear so much about Toyota, who’s quality is equal to Honda, at least in my mind. My Honda has 103,000 miles on it, and was purchased because of the brand’s reliability. I’ve done at least one web search on Honda’s “quality” and not been able to find much of anything. Please share more as you find it!
I will. You can also use our search (on the right) to search our blog for past posts that mention Honda (4) and the Curious Cat Management search (which uses Google to search about 100 management web sites we have selected) for Honda related information (over 100 results).
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Don’t forget the 3 joys- the joy of producing, the joy of selling, and the joy of buying. It’s an easy framework to remember. If these 3 activities are indeed joyful, you’re probably on the right track.
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