business

Chief of contractor Obayashi to resign amid maglev bid rigging probe

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Why do these men find it so difficult, unthinkable to retire would be my first thought, replaced by a coworker aged 64? Bushy eyebrows obviously are no gauge of business acumen, or honesty.

3 ( +3 / -0 )

Resign and become a senior adviser - J-Style admonition. Probably little change in salary, benefits, just slight loss of face for change of title. He has all the connections for the next round of bid-rigging, and wil no doubt advise on them.

7 ( +7 / -0 )

Here's what the government should do: Scrap the contract immediately, and penalize Obayashi, including having them pay damages, and allow the company to sue Shiraishi for losses. Ban Obayashi and the other three companies from any government construction project for 20 years.

But it's Japan we're talking about, so instead, Shiraishi will "retire" with a Golden parachute of millions of dollars, and take a senior position at another company, writing an instruction manual on how to rig bids. The company will apologize and say they could not have known, but will not give up anything, nor be charged with anything. Instead they'll profit hugely. TIJ.

5 ( +5 / -0 )

Although the idea of going 500km/h in a train is exciting, the fact that the whole line will be almost 90% underground is a real put-off. Imagine when there is even a minor earthquake or other emergency, the train will have to stop as quickly as it can and you'll be stuck in a tunnel deep underground (up to 40m down) for who knows how long. No thanks. At least on the shinkansen you'll be able to see as the train falls from its (mostly) elevated track!

3 ( +3 / -0 )

cue file photo of apologizing officials

1 ( +1 / -0 )

a sad system but its business as usual

0 ( +0 / -0 )

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