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Panasonic’s new president lifts Chairman Mao’s script

It is not often the plans of a Japanese company president remind you of the slogans of Chinese dictator Mao Zedong.

But two of the most important strategies of Kazuhiro Tsuga – newly charged with turning round Panasonic– are uncannily reminiscent of slogans coined by the late Communist party chairman.

First, there is “Bombard the Headquarters” – the words with which Mao in 1966 declared war on a party core he saw as an obstacle to leftist revolution.

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