Finally, Fresh Faces At Japan Inc.
The scene is suddenly familiar. On Feb. 19, Hisashi Kaneko bowed before reporters and acknowledged his poor performance as president of NEC Corp. Why? Under relentless pressure at home and abroad, Japan's largest chip and computer maker expects to post a $1.25 billion net loss, its biggest ever, in the year ending Mar. 31. NEC will cut 15,000 jobs over the next three years. Kaneko will be among the first to depart.
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