I recently wrote a blog post about the forces of competition and market change that are affecting the legal profession, causing many firms to now take the once unthinkable step of letting even senior partners go if they can't produce sufficient revenues to contribute to the firm's bottom lines (as reported in the Wall Street Journal). Ironically, there was another article in that same issue of the Journal...
As havens go, Japan sure is an odd case. You would think that having the developed world’s largest public debt, an aging and shrinking population, deflation, few natural resources and the ever-present risk of a giant earthquake might give investors pause.
Nissan Motor Co. Chief Executive Officer Carlos Ghosn received 891 million yen or $9.5 million in salary and stock options after the maker of Altima and Versa sedans returned to profit last fiscal year.
Kayoko Okamoto spent a decade knocking on a hundred doors a day trying to persuade some of Tokyo’s most well-to-do residents to sign up for free brokerage accounts. The former saleswoman for Aizawa Securities Co. said she was lucky if she got 10 people a month to take a chance.