Keep in mind that JAL is under chapter 11 bankruptcy, so it's not like JAL is full of cash.
I like his attitude more than those bank executives that got bailed out and paid themselves multi millions at the same time.
I like his attitude more than those bank executives that got bailed out and paid themselves multi millions at the same time.
What you're implying is that we should have top-down wage controls (i.e. a command economy) or bottom-up wage controls (i.e. collusion). The first is an idea which is seductive, but historically a failure. The second is illegal under our current rules and should remain illegal lest you want every department store to collude to pay their workers minimum wage + 1 cent.
The skill set of completely fabricating what you and the company can accomplish, getting other people to believe it, accepting a "modest" salary of 10% of this fairy tale, deflecting all blame for anything that goes wrong, and looting the company in your severance package (because you would do the same for your good old boys on the board), most surely does translate to just about any industry.
However founders don't work 24/7 for the reason of cash primarily. I do work to show my talent, to create great work, perhaps even change the world for better. Can't do it for nothing as I need some cash for living, but you get the idea.