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Unusual Japan Story: 4 Panasonic Directors Given ¥1.9 Billion to Leave

June 5, 2013 by Ted Leave a Comment

CEScrowd2PanasonicIn a move common  in the U.S., but unusual in Japan, the Japan Times reported today that Panasonic Corp. paid ¥1.855 ($18.7 million) to four directors to leave the company in Fiscal 2012. The company broke the news of what is known in the U.S. as a golden parachute in materials circulated along with invitations sent to the shareholders meeting coming up later in the month.

See more on this generous payout from a struggling company… [Read more…] about Unusual Japan Story: 4 Panasonic Directors Given ¥1.9 Billion to Leave

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Matsushita, Panasonic

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A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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