Japanese High Tech Roars Again
When Koji Nishigaki took over as president and CEO of NEC Corp. in March, 1999, few were willing to place long-term bets on the high-tech manufacturer. Like most leading Japanese makers of chips and computers, NEC was an ailing giant, staggering under years of sickly profits, poor management, and over-diversification. Nishigaki didn't waste time: He immediately began revamping management, slashing jobs, and unloading unprofitable units.
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