Updated: September 23, 2017
Japan Airlines or JAL is the flag carrier of Japan, much like how Philippine Airlines (PAL) is to our country.
And despite being one of the top ten biggest airline companies in the world, JAL is certainly not exempt from the bad economy.
In fact, back in January 2010, they filed for bankruptcy protection from the government after experiencing losses of up to Â¥100 billion (US$1.8 billion) in a single quarter.
Fortunately, a little over a year after, Japan Airlines has managed to get out of its bankruptcy state already and is now slowly getting back on its feet.
Now why am I talking about JAL?
Because back in 2008, when Japan Airlines was heavily downsizing to cut company losses, CNN made a special feature about Haruka Nishimatsu, JAL’s President and CEO during that time.
His story, during those difficult times for his company, showed the world what it really means to be a leader. The short news clip below tells the whole story.
JAL CEO Cuts Pay
Someday, when you become the CEO and President of your own corporation, I hope that you will remember this old news video.
And may it inspire you to strive to always be a role model for your employees. Because entrepreneurship is not just about creating a business, it is more importantly, creating value and serving others.