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Shigenobu Nagamori, a work-obsessed Japanese billionaire who jokes that he plans to reside to 120, had already sidelined three successors when he wooed Jun Seki to affix his $37 billion firm.
It was November 2019. Nagamori, then 75, invited the youthful man to dinner at Ryokuyouso, an unique conventional kaiseki restaurant that he owns in Kyoto. There, he made his provide: Seki would be a part of Nidec and change into chief working officer of the world’s greatest producer of electrical motors. He would construct up its enterprise supplying motors for electrical vehicles, and if that went nicely, the CEO position can be his.
The timing was no coincidence. A month earlier than, Seki had misplaced out on the highest job at Nissan. The manager, who was 58 on the time, thought the chance to run one in every of Japan’s iconic corporations was too good to move up.
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