Now This is Corporate Governance
I'm tired of American CEOs making billions of dollars on marginal corporate performance without taking responsibility when the company performance is poor. This is why it is refreashing to hear that a Japanese CEO took a voluntary pay cut as an apology for customer information being leaked:
Softbank also said its Chief Executive Masayoshi Son will have his Softbank salary cut by 50 percent for six months to take responsibility for the incident. Two other executives as well as some other employees will also see salary cuts.
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