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Powerless

20 Comments

A Tokyo Electric Power Co (TEPCO) employee bows deeply as shareholders enter the venue of the company's annual general shareholders' meeting in Tokyo on Wednesday.

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20 Comments
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Is the headline referring to the shareholders? Or TEPCO?

1 ( +1 / -0 )

It should be the whole board of directors out there lying どげざ instead of the tea lady.

8 ( +8 / -0 )

@ SumoBob - spot on. Nice of the fat old men in suits - with their snouts in the trough for years - to send out the girl to do the bowing. I hope the old codgers cop a gobful in that meeting!

1 ( +1 / -0 )

Yeah, send out a woman who probably serves tea to the fat-cats to do their apologizing for them. Ridiculous.

1 ( +1 / -0 )

If not for the goth far in the background, this could be 1963....

0 ( +0 / -0 )

I hope the young lady doesn't cop a load of abuse.

0 ( +0 / -0 )

Bow and worship the shareholder :P

0 ( +0 / -0 )

Tepco executives, should do a Dogeza 土下座 apology instead... http://www.youtube.com/watch?v=7Oidh3QGXB8&feature=plcp

1 ( +1 / -0 )

TEPCO is one earthquake away from the biggest nuclear disaster in the history of man and complete corporate ruin. I'd be hitting the SELL button if I were those shareholders.

0 ( +1 / -1 )

In order to sell you need buyers; are you up for it?

0 ( +1 / -1 )

Thanks Harry, but I'm happy with my share portfolio - I won't be adding any TEPCO to it....

0 ( +0 / -0 )

If you watched the tv this morning they were all men doing the bowing. Why is she automatically assumed to be a tea server? She couldn't be an engineer??

2 ( +3 / -1 )

Bow and worship the shareholder :P

Well, yeah! That's the whole point of corporations. The shareholders are the reason the corporation still exists. Without them, the corporation is just a bankrupt entity. So I would imagine EVERY corporation in Japan has people doing this at the entrance to the annual stockholder's meeting.

0 ( +1 / -1 )

@little_miss: I assume then that the elevator girls at KEIO & Mitsukoshi dept stores are all corporate executives then. Because corporate Japan is chock full of female senior management, it would be very wrong to assume that this woman is some low-level foot soldier. If TEPCO had had even one woman on its executive board, I bet we would not have seen the level of corporate mismanagement we saw during the disaster last year.

1 ( +1 / -0 )

She was told to do it?, of course she was told to do it. There was a team meeting assignments assigned, protocol to follow...it's a job. Demeaning but better than being sent to the heart of the problem. Subtle threats are the best, over rides any feelings of dignity.

-1 ( +0 / -1 )

Gomenasi we spent twenty years making a profit for you, by ignoring international Safety standards, because of the "incident" due to the above you don't make so much anymore please forgive us, it will be back to normal soon.

0 ( +1 / -1 )

That's a deep bow?

-1 ( +0 / -1 )

I hope they're getting their money's worth. I wonder how many would sell their shares if they were making money but didn't get a bow as they walked in?

-2 ( +0 / -2 )

There were a lot of pissed off individual shareholders. What this shows is that corporate governance and shareholder rights at such state-designated monopolies that have boardrooms stuffed with ex-bureaucrats and are basically the executive agencies executing government policy are a sham. The implicit assurance that shareholder value and returns are assured is a myth that can evaporate with the next shift in government policy.

1 ( +1 / -0 )

sfjp330 - Exactly, you hit the nail on the head.

-1 ( +0 / -1 )

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