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(Bloomberg)   Toyota's president delivers highest returns for lowest pay - says he can't recall if he's ever had to stop   (bloomberg.com ) divider line
    More: Interesting, Toyota, Nissan Motor Co., Akio Toyoda, company, Ghosn, Volkswagen AG, Daimler AG, General Motors Co.  
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976 clicks; posted to Business » on 25 Jun 2013 at 10:43 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



20 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-06-25 10:23:43 AM  
1.9 million a year for heading Toyota? Sounds about right. (He's also btw worth $250 million because of his partial ownership of the company, so, you know.)

Executive compensation levels are stupid.
 
2013-06-25 11:03:57 AM  
FTFA: "Japanese executives aren't paid enough"

Doesn't that contrast rather starkly with reality?  Wouldn't a better way to describe the situation be "North American and European executives are paid far, far too much for results that lag their Japanese counterparts"?
 
2013-06-25 11:15:06 AM  

eKonk: FTFA: "Japanese executives aren't paid enough"

Doesn't that contrast rather starkly with reality?  Wouldn't a better way to describe the situation be "North American and European executives are paid far, far too much for results that lag their Japanese counterparts"?


Strong THIS.
 
2013-06-25 11:23:36 AM  

eKonk: Wouldn't a better way to describe the situation be "North American and European executives are paid far, far too much for results that lag their Japanese counterparts"?


Yes. Yes it would.
 
2013-06-25 11:40:32 AM  

eKonk: Wouldn't a better way to describe the situation be "North American and European executives are paid far, far too much for results that lag their Japanese counterparts"?


I think that all depends on how much the author of the article likes his job.

Bloomberg News is owned by Bloomberg L.P..  Michael Bloomberg owns 88% of that with a net worth of $26 Billion.

So I'm going to say that putting it that way wouldn't fly well with the bosses.
 
2013-06-25 12:26:26 PM  
GM, Chrysler, Ford, and pretty much everyone else in America, would do well to take a hint and design products more people want to buy.

Got my fifth Toyota, a 2013 Camry Hybrid, a few months ago and love it.

/Dad just got a 2013 GMC Acadia Denali last week, but I never would.  The middle and rear seats are too small for my teenagers.
 
2013-06-25 12:29:35 PM  
Toyoda?

www.sptimes.com
 
2013-06-25 12:40:22 PM  

fickenchucker: GM, Chrysler, Ford, and pretty much everyone else in America, would do well to take a hint and design products more people want to buy.

Got my fifth Toyota, a 2013 Camry Hybrid, a few months ago and love it.

/Dad just got a 2013 GMC Acadia Denali last week, but I never would.  The middle and rear seats are too small for my teenagers.


So you think all car makers should make very single model to fit your exact needs? Sounds like a great idea...

onscreencars.com
 
2013-06-25 01:00:05 PM  

max_pooper: fickenchucker: GM, Chrysler, Ford, and pretty much everyone else in America, would do well to take a hint and design products more people want to buy.

Got my fifth Toyota, a 2013 Camry Hybrid, a few months ago and love it.

/Dad just got a 2013 GMC Acadia Denali last week, but I never would.  The middle and rear seats are too small for my teenagers.

So you think all car makers should make very single model to fit your exact needs? Sounds like a great idea...

[onscreencars.com image 494x282]


Of course not--but are you denying the American car companies squandered their market dominance after WWII and are playing catch-up since the '80s?
 
2013-06-25 02:33:59 PM  
Japanese CEOs are a different breed. The CEO of Japan Airlines works in a glorified cubicle with other executives and only makes the equivalent of about $250k. He still takes the subway to work and eats in the company cafeteria.
 
2013-06-25 02:39:59 PM  
And if every CEO in America was restricted to only making 20x what the lowest paid employee does. . .

/also likes that the businesses have to come up with a 150 year plan. It actually makes planning for contingencies pretty easy, because you can be pretty certain that within that time period you'll have a major flood, a major storm, and a major earthquake, and maybe a few other disasters along the way. The problem is free markets don't plan, hence the boom/bust cycle, which government is supposed to even out with regulation. . . *sigh*
 
2013-06-25 02:41:43 PM  

fickenchucker: GM, Chrysler, Ford, and pretty much everyone else in America, would do well to take a hint and design products more people want to buy.

Got my fifth Toyota, a 2013 Camry Hybrid, a few months ago and love it.


I need no hints, my 2000 Grand Caravan still runs with well over a decade of use and I enjoy my 2011 200.
Oh, and my 2004 Ram Diesel is great for rough weather and heavy duty pulling duties.
Still have my 96 Plymouth Breeze too, let me know how you love your Yota when you've had one for over a decade or longer. Never mind, I expect it'll just be more domestic bashing and total ignorance of Toyota's history of defects and rust.
 
2013-06-25 02:56:33 PM  

Kurmudgeon: Still have my 96 Plymouth Breeze too, let me know how you love your Yota when you've had one for over a decade or longer. Never mind, I expect it'll just be more domestic bashing and total ignorance of Toyota's history of defects and rust.


Hmm. I'll go junk my 89 MR2 and my 86 Corolla, both of which are doing just fine (only replaced the engine on the 'Rolla 'cause owner was an idiot and let the oil run dry, so it threw a rod). The biggest fix on the MR2 has been new clutch hardware (cable, disc, pressure plate, etc).

Here's how I look at it: In general, your best cars will be Honda/Toyotas, and GM/Ford. Easy parts, low maintenance, you can drive them damn near into the ground. You wanna stay away from domestic cars from the 1980s (4-banger Mustang, why anyone thought that was a good idea), grab 70s cars if you don't want to deal with emission controls, and never buy anything newer than 1994.

Modern cars, everything is plastic. I've had to replace a brake switch twice in the past three years because the plastic plunger keeps sticking, while the metal OEM one lasted 15 years. And guess what happens to plastic when it sits in sun and in heat, and it's not like the engine gets hot or anything right?? *sigh* Oh, and while you're dealing with the brake switch, you get a bonus fix-it ticket from the cops to the tune of $50. All because of a defective part because the manufacturers have switched to plastic instead of metal. And I will never trust fly-by-wire.

/computers are only as good as the humans who program them
 
2013-06-25 04:15:35 PM  

Kurmudgeon: Still have my 96 Plymouth Breeze too, let me know how you love your Yota when you've had one for over a decade or longer. Never mind, I expect it'll just be more domestic bashing and total ignorance of Toyota's history of defects and rust.



My 2002 Camry with 191,000 miles and no significant repairs mocks you.  You want to see rust, try pretty much any Dodge.  I'm surprised you even have a coherent hood--that car and it's sisters have massive rot issues.

I've had numerous American cars and wanted to love them with all my heart, but they always let me down. Think of them as Amada Bynes--they started off hot, and went haywire when the miles started stacking up.

I know the current crop is getting better, but after shopping for the new Camry, nothing matched what I needed.  Even the Fusion Hybrid let me down--the back seat is too small for anyone over 6' tall.
 
2013-06-25 05:33:10 PM  
Peki:  Here's how I look at it: In general, your best cars will be Honda/Toyotas, and GM/Ford. Easy parts, low maintenance, you can drive them damn near into the ground. You wanna stay away from domestic cars from the 1980s (4-banger Mustang, why anyone thought that was a good idea), grab 70s cars if you don't want to deal with emission controls, and never buy anything newer than 1994.

Something about an oil embargo.  The four cylinder came out in 1974.  Unless you don't consider the Mustang II a true Mustang.
 
2013-06-25 07:23:18 PM  

valkore: Peki:  Here's how I look at it: In general, your best cars will be Honda/Toyotas, and GM/Ford. Easy parts, low maintenance, you can drive them damn near into the ground. You wanna stay away from domestic cars from the 1980s (4-banger Mustang, why anyone thought that was a good idea), grab 70s cars if you don't want to deal with emission controls, and never buy anything newer than 1994.

Something about an oil embargo.  The four cylinder came out in 1974.  Unless you don't consider the Mustang II a true Mustang.


I don't think anyone does.
 
2013-06-25 07:50:34 PM  

hitmanric: valkore: Peki:  Here's how I look at it: In general, your best cars will be Honda/Toyotas, and GM/Ford. Easy parts, low maintenance, you can drive them damn near into the ground. You wanna stay away from domestic cars from the 1980s (4-banger Mustang, why anyone thought that was a good idea), grab 70s cars if you don't want to deal with emission controls, and never buy anything newer than 1994.

Something about an oil embargo.  The four cylinder came out in 1974.  Unless you don't consider the Mustang II a true Mustang.

I don't think anyone does.


Not all '80's domestics are bad. I still have my '83 Chevy K-10 Shortbox 4x4. The 350 cid is a VERY cheap engine to overhaul. Downside is the edlebrock 4-barrel drinks gas. Approaching 250k miles so its time for another overhaul. New gaskets, main bearings, connecting rods, pistons, camshaft, pushrods, valvetrain, timing chain, fuel and oil pump will be around $700 for the whole shabang. Just wish she didn't rust like a 90 year old ladies hips.
 
2013-06-25 08:57:04 PM  

hitmanric: valkore: Peki:  Here's how I look at it: In general, your best cars will be Honda/Toyotas, and GM/Ford. Easy parts, low maintenance, you can drive them damn near into the ground. You wanna stay away from domestic cars from the 1980s (4-banger Mustang, why anyone thought that was a good idea), grab 70s cars if you don't want to deal with emission controls, and never buy anything newer than 1994.

Something about an oil embargo.  The four cylinder came out in 1974.  Unless you don't consider the Mustang II a true Mustang.

I don't think anyone does.


No, but the SVO was kickass for its time.
 
2013-06-25 11:06:43 PM  
I think it's cute how idiots still want to associate the alleged Toyota issues with the cars being questionable. The fact is, it turns out the bulk of them were user error.
 
2013-06-25 11:20:41 PM  

valkore: Peki:  Here's how I look at it: In general, your best cars will be Honda/Toyotas, and GM/Ford. Easy parts, low maintenance, you can drive them damn near into the ground. You wanna stay away from domestic cars from the 1980s (4-banger Mustang, why anyone thought that was a good idea), grab 70s cars if you don't want to deal with emission controls, and never buy anything newer than 1994.

Something about an oil embargo.  The four cylinder came out in 1974.  Unless you don't consider the Mustang II a true Mustang.


And this is why I'm not a mechanic now, in spite of the AS degree; I have no history when it comes to cars. I can diagnose like a mofo, especially electrical systems, but plop a car in front of me in a normal garage and ask me what's most likely to be wrong with it, or the history of the brand, and I'm flummoxed. Have to spend about an hour with my nose on ALL-DATA or in a Haynes manual to figure out wtf is going on.

/doesn't help that I'm a bit of a klutz and come out with enough bruises that my instructors started wondering if my fiancé was beating me

That said, I'm handy enough to keep our family mechanic on his toes. I taught him how to use a DMM in exchange for him showing me how to remove and install the previously mentioned brake switch.
 
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