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Kansai Electric Chairman Yagi to quit over gift scandal

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That only took how long to do the right thing?

8 ( +9 / -1 )

318.45 million yen worth of gifts from Eiji Moriyama, jees that's a lot of money/gifts, and a bit of a slap on the wrist? wow I think not, jail time please, also sack him from his position for accepting them. also 318.45 yen has come out of his account for gifts, was this a tax dodge of some kind? how can he afford this much?

8 ( +8 / -0 )

Kansai Electric "must thoroughly get to the bottom (of the scandal) and take preventive steps. I hope it will also reform its corporate culture," he said.

This is a utility company that provides a necessary service to the public, it is wracked by scandal, and they THINK they alone are capable of correcting their corporate culture of graft and corruption on their own?

If there was ever a (another) case of "betraying the public trust" then this is it! The "silence" from the public prosecutors office is deafening!

8 ( +9 / -1 )

Don't let them quit and receive their severance package! If they're fired they won't receive their severance perks! That's why all these guys quit, it's the easy way out.

15 ( +15 / -0 )

69 year olds have nothing to lose by quitting except their feelings of self importance and a bloated salary, in this case....

9 ( +9 / -0 )

Why does Kyodo insist on calling this "a gift scandal" when it's a massive bribery and corruption scandal stretching back years?

16 ( +16 / -0 )

Japanese newspapers are all in bed with the government hence the newspeak, they don't want to make the government look bad

10 ( +10 / -0 )

Investigate and prosecute then punish those involved and made criminal actions including tax evasions.

10 ( +10 / -0 )

So, quitting is an admission of guilt, but it also frees him of any criminal charges. How does that work?

9 ( +9 / -0 )

Gift scandal? How Orwellian of you.

9 ( +9 / -0 )

How come these guys aren't in jail for this? The authorities have proof and all the evidence they need to lock them up. If some small company guy did this, he'd be fired and in jail.

8 ( +8 / -0 )

He'll turn up in a few months as chairman of one of their numerous subsidiaries, same salary, same benefits. J-Inc. looks after its own.

4 ( +4 / -0 )

One positive?

At least someone younger can now receive the brown envelopes...

4 ( +4 / -0 )

A 'gift-giving' culture?

...

4 ( +4 / -0 )

Every company that I have ever worked in has had a 'gifting policy' which all staff must adhere to. Top to Bottom. Any gift valued at over (usually a very low) amount instantly becomes the property of the company as a whole.

0 ( +1 / -1 )

oh no! they were given a stern warning. about something. I guess

Kickback graft economy continues

6 ( +6 / -0 )

These activities diminish a nation and if cleaned up would serve to strengthen communities resolve about change away from nuclear rather than reinforce industry and government

5 ( +5 / -0 )

Why hasn't anyone been sent to the police prosecutors?

Oh my bad they are Japanese.....

10 ( +10 / -0 )

How the law works in Japan for politicians and Japan Inc

Break the law, bow deep in apology, hand over brown envelope full of apology to prosecutors, accept their absolution, rinse and repeat.

5 ( +5 / -0 )

Makoto Yagi - Proving, in terms of company Chairmen, he's not the GOAT.

0 ( +0 / -0 )

Wait a minute what's good for the gander is not good for a cooked goose? What about TEPCO execs who got away with criminal charges and the government placed a weak prosecutor vs a highly competent prosecutor for such a high profile case which had about as much "people and government" voice than this corruption at Kansai Electric Power Co. Something sounds crooked in itself.

5 ( +5 / -0 )

"Yagi" most likely means "eight trees".

You're probably right, but that doesn't fit the joke.

0 ( +0 / -0 )

Why does Kyodo insist on calling this "a gift scandal" when it's a massive bribery and corruption scandal stretching back years?

because Japan

4 ( +4 / -0 )

A 'gift-giving' culture?

considering that when giving a gift in Japan its expected youll get something in return, you can understand why they use the word "gift" instead of "bribe"

4 ( +4 / -0 )

Go easy on the hyperboles guys. It's gifts, $3mil total given to many executives, not just one, and spread over many years. If I had to guess, the gifts I received whilst working in .japan would have totalled more than what these guys got individually, and that's excluding all the free trips, dinners, lunches etc. that I got. Nothing was expected of me other than a loyal working relationship.

Yes, gifts to business associates is a cultural norm. WTF is wrong with Japan these days that everybody have to get upset at what other people are receiving.

-4 ( +0 / -4 )

Why does Kyodo insist on calling this "a gift scandal" when it's a massive bribery and corruption scandal stretching back years?

LOL, bribery ;-), Apple receiving gratuities to the tune of $billions from the Irish government, is that a bribe?

Local municipal wants to show appreciation to the biggest employer in town, sounds like good business to me.

-2 ( +0 / -2 )

at least he quit not like the other guy who took bribes and said sorry but refuse to quit his job cuz he need more bribes and Japanese gov is ok with that

1 ( +1 / -0 )

Why does Kyodo insist on calling this "a gift scandal" when it's a massive bribery and corruption scandal stretching back years?

because bribes are generally illegal. Unfortunately what happened here is completely legal. Unethical but legal.

0 ( +0 / -0 )

Not only the chairman but his whole gang as well pl;s. This old Japanese style helps no one and improve nothing. After 3 decades of learning Japanese management styles ( by actually, being in it myself ), this bad way of only the leader resigned, not only encourage the rest of the gang to same the same bad actions again and again. But as a important body, it can cause danger to all living in Japan.

1 ( +1 / -0 )

The Gov. will avoid at all cost too look deeper into this or touch any from Atomic Lobby ... because they know already it will lead back to their own desk stuffed with brown envelopes.

0 ( +0 / -0 )

Twenty people at Kansai Electric received a total of 318.45 million yen worth of gifts

Only 1 down. Still 19 to go.

0 ( +0 / -0 )

Makoto Yagi has decided to step down following criticism for receiving gifts.

That's a strange way to spell bribe.

2 ( +2 / -0 )

Kansai Electric Power Co Chairman Makoto Yagi has decided to step down following criticism for receiving gifts from a former official of a central Japan town hosting one of its nuclear power plants, sources close to the matter said Tuesday.

The article says that he decided to "Step down." There's a difference between this and leaving the company. In my opinion, it doesn't mean that he will leave. Most likely, he will be reassigned to another post, as most people like him will do. As long as people like him are still with the company, not much will change.

0 ( +0 / -0 )

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