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When Fusaro Sekiguchi, a small-time Nagoya manufacturer, founded the firm in 1974, lifetime employment was a birthright.
FORBES: Greasing the wheels
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Meitec's board took the unusual step of canning him in July 1996 -- after Sekiguchi proposed diversifying into racehorses.
FORBES: Greasing the wheels
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Fujiwara H, Takayama S, Iwasaki K, Tabuchi M, Yamaguchi T, Sekiguchi K, Ikarashi Y, Kudo Y, Kase Y, Arai H, Yaegashi N.
FORBES: Chinese Medicine Infiltrates Scientific Publishing
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But like many Japanese executives at the time, Sekiguchi overplayed his hand.
FORBES: Greasing the wheels
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Fujiwara H, Tabuchi M, Yamaguchi T, Iwasaki K, Furukawa K, Sekiguchi K, Ikarashi Y, Kudo Y, Higuchi M, Saido TC, Maeda S, Takashima A, Hara M, Yaegashi N, Kase Y, Arai H.
FORBES: Chinese Medicine Infiltrates Scientific Publishing