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6/27/2014

Foreigners/Gaijin go home!

Japan’s insular island mindset —Shimakuni-konjo strikes again!


Shareholders attack Takeda for hiring foreign executives

The Financial Times / June 20, 2014
A push by Japan’s biggest drugmaker to globalise has come under attack by more than 100 former executives and shareholders, casting a cloud over broader efforts by the country’s top companies to internationalise
110 former executives and individual investors questioned the company’s appointment of non-Japanese to several senior positions.
“The company’s globalisation is a wrong globalisation. It should be globalised as a Japanese company” said Yujiro Hara, a former head of Takeda’s real estate subsidiary who represents the group.
More…
Takeda Pharmaceutical foreigners ruin all the fun

The rest-of-the-story is that like any Japanese company foreigners ruin all the fun. Takeda Pharmaceutical’s management like any good Japanese company spends all their profits in drinking and whoring parties and well as hiring from their alma mater their conies and massive “sales forces” that sell less than their wages. Foreign management stops all that nonsense.
Notice that said-openYujiro Hara, a former head of Takeda’s real estate subsidiarysaid-closed is one of those conies who did not provide value to Takeda since the drug company has no logical reason to have a real estate subsidiary, sheesh.

Posted by Taro in Business News, General | 9 Comments »


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9 Responses to “Foreigners/Gaijin go home!”

  1. WS Says:

    Yay! Kick out the foreigners, eschew all meaningful change and the golden days of Showa will magically and surely return!

    Given how little influence shareholders have anywhere and the fact this group owns all of 2% of the shares it doesn’t amount to much. As long as Takeda performs well financially they will have to put up and shut up.

  2. Y Says:

    “The company’s globalisation is a wrong globalisation. It should be globalised as a Japanese company.”

    Japanese companies should globalise in Japan! Only Japanese people can understand the true spirit of 国内グローバル化!

  3. SJ Says:

    An argument that Takeda was hiring less talented foreigners just for the sake of internationalization while overlooking more talented locals might have some legitimacy. However, the argument as presented in the FT article is stupid even by Japanese corporate standards.

  4. Coligny Says:

    SJ wrote:
    … less talented foreigners … (…) … overlooking more talented locals…

    In a mom and pop shop, maybe…
    In a company this size… The question is more which percentage of the workforce you can slaughter without even affecting daily operation. Then which percentage would require a reorganization…
    Starting with their commercial teams… every time I see them at the hospital it’s no less than 3 people usually with their own office lady for tea and cookies…

  5. choko Says:

    SJ wrote:
    An argument that Takeda was hiring less talented foreigners just for the sake of internationalization while overlooking more talented locals might have some legitimacy.

    If that’s the case, yeah….but considering all the hurdles they need to jump through to do so, you’d think they’d hire FG who are as qualified as possible. (unless it’s for really underpaid, sa-bisu zangyo, slave type shit…then they’d be lucky to find a non Jap qualified to take that….and stay the course)

  6. derpus maximus Says:

    Interesting factoid…

    The number of world’s top 30 pharmaceutical product manufacturers based in each country (2010; in percentage of the total number of manufacturers):
    1 U.S.: 41.8%
    2 Swiss: 14.8%
    3 Japan: 12.3%
    4 U.K.: 11.8%
    5 France: 8.0%
    6 Germany: 6.0%
    7 Others: 5.0%
    Source: Pharmaceutical Industry Vision (2013) by Ministry of Health, Labor & Welfare

  7. R Says:

    Like any Japanese company foreigners ruin all the fun. Takeda Pharmaceutical’s management like any good Japanese company spends all their profits in drinking and whoring parties and well as hiring from their alma mater …

    Good point. Look at Olympus and all the fun that was spoiled there. Real estate business you say? Skeletons which nosey foreigners might disinter?

  8. Taro Says:

    nads_urban_ver2
    embiggen

  9. inflamed Says:

    I read about this a few days ago in some other newspaper; the only real difference was that the other article said it was the descendants of the founder who were whining. The article also pointed out that some huge percentage of Takeda’s workforce is foreign (they bought some European companies in the mid 2000s).

    The ironic thing is that the current managers were doing a bad job at running it. Profits were falling (they were actually less than the dividend) and days of receivables and inventories had both risen substantially. Let another wannabe Panasonic or Sharp CEO come in and manage it – that’s the best way.

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