Advice From Japan’s Most Eccentric Billionaire
Clad in his uniform green tie, pocket square and green-framed glasses, Shigenobu Nagamori’s eccentric ways have made him one of the most successful, and respected, businessmen in Japan.
Nagamori is founder, chairman and CEO of Nidec, and he says he will never fire an employee for lacking talent but he will for taking too many vacation days. While his practices may be unorthodox to Westerners, the results are clear—Nagamori’s firm avoided a slump in Japan’s Topix index this year and advanced 5.3%, cimbing to a record high for the third year in a row, Bloomberg reports.
“I’m a strange man, an odd man,” says the 71-year-old billionaire. “I push against the grain.” But that pushing is working—Nagamori has a net worth of $3.7B and vows to work every day until 2030. [Bloomberg]
