Tuesday, April 26, 2011

Passing of Norio Ohga, Senior Advisor and former President and Chairman, Sony Corporation

from the website of Sony Global
1
Tokyo, Japan -- April 23, 2011 -- It is with great sadness that Sony Corporation today announced the loss of Norio Ohga, Senior Advisor and former President and Chairman, Sony Corporation. Mr. Ohga passed away at 9:14 AM on April 23, 2011 in Tokyo. The cause of death was multiple organ failure. He was 81 years old. A private wake will be held among family and close relatives, and a company service will take place at a later date.

Commenting on today's loss, Sir Howard Stringer, Chairman, CEO and President, Sony Corporation said, "When I first joined Sony in 1997, Ohga-san was serving on the frontlines of Sony management as Chairman and CEO. His numerous and successful endeavors were well-known both inside and outside of Sony. Witnessing Ohga-san's leadership firsthand was truly an honor, and one I continued to enjoy and benefit from in countless ways in the years that followed.

By redefining Sony as a company encompassing both hardware and software, Ohga-san succeeded where other Japanese companies failed. It is no exaggeration to attribute Sony's evolution beyond audio and video products into music, movies and game, and subsequent transformation into a global entertainment leader to Ohga-san's foresight and vision.


I offer my deepest condolences on his passing and pray that he may rest in peace."


Pivotal Contribution to Sony's Product Philosophy and Brand Image


Mr. Ohga was a student at the Faculty of Music of the Tokyo National University of Fine Arts and Music (now Tokyo University of the Arts) when he first met Sony founders Masaru Ibuka and Akio Morita. Sony's founders immediately sensed in Mr. Ohga the makings of a leader, and someone whose expert knowledge of sound and electrical engineering would benefit the company greatly. Therefore, in 1953, while still a student, Mr. Ohga was appointed a consultant and advisor to Tokyo Telecommunications Engineering Corporation (now Sony Corporation) before fully entering the Company in 1959.


After joining Sony, Mr. Ohga worked tirelessly to enhance product quality, functionality and design, while also revolutionizing the Company's marketing and advertising initiatives, paving the way for the launch of a succession of innovative and game-changing products. Mr. Ohga passionately advocated the creation of products that would be "attractive in the eyes of consumers", a philosophy that came to represent the principles of Sony's approach to design and engineering, and was key to the Company's worldwide success and growth.


Mr. Ohga, together with Mr. Morita, shared a deep understanding of the importance of brand management, and together they took every opportunity to remind employees to think first and act later, emphasizing that every one of their decisions had an impact on the Sony brand. One of Mr. Ohga's favorite expressions was, "The four letters of the 'SONY' brand are our greatest asset." His efforts to spread the spirit of that message among every Sony employee were critical to enabling Sony to become the globally recognized brand it is today.


Optical Disc Development Leading to Creation of New Markets


Mr. Ohga was also a man of vision and foresight. Anticipating the future potential of compact optical disc formats, he personally drove Sony's initiatives to explore this new frontier. During the development of the CD, it was Mr. Ohga's instincts as a trained musician that led him to push for a 12 centimeter format, providing sufficient recording capacity at 75 minutes to enable listeners to enjoy all of Beethoven's Ninth Symphony without interruption. These negotiations resulted in the CD specifications still in use today. After Sony commercialized the world's first CD in 1982, sales grew rapidly, and by 1987, CDs had overtaken LP record sales in Japan, changing the way people listened to music. Mr. Ohga's efforts to establish the CD format also contributed to the launch of subsequent optical disc formats such as the MD, CD-ROM and the DVD, which not only revolutionized the consumer electronics and music recording industries, but also other areas of technology, such as computer memory and game software.


"Hardware and software are two wheels on a car"


Driven by his philosophy that "hardware and software are two wheels on a car", Mr. Ohga also led Sony's negotiations with CBS Corp, resulting in the establishment of CBS/Sony Records Inc. (now Sony Music Entertainment Inc.) in 1968. Taking an entirely new approach to record label management, which included the record company identifying and nurturing new artists itself, Mr. Ohga successfully grew CBS/Sony into a market leader that by 1978 - only ten years after its establishment - led the industry in both annual sales and profit.


Mr. Ohga continued to push the boundaries of Sony's content strategy, venturing beyond music into motion pictures, with the purchase of Columbia Pictures in 1989. With this acquisition, the foundations for Sony's evolution into a comprehensive entertainment company were now firmly in place.


Mr. Ohga also presided over the launch of Sony's game business. The establishment of Sony Computer Entertainment in 1993 and subsequent worldwide success of "PlayStation" quickly secured Sony's position at the forefront of this industry.


Contribution to Domestic and Global Economic Development


Mr. Ohga was also actively involved in a number of industrial and commercial organizations, promoting both domestic Japanese and global economic development. As Chairman of the Electronics Industries Association of Japan (EIAJ, now JEITA), he helped to bring discussions surrounding the decade-long U.S.-Japan Semiconductor Trade Agreement of 1986 to an amicable conclusion in 1996. In 1998 he was appointed Vice Chairman of the Japan Business Federation (Nippon Keidanren), where he served as Chairman of the Committee on Administrative Reform, and later as Chairman of the Committee on New Business Development, contributing to Japan's economic development. Furthermore, as Vice Chairman of the Tokyo Chamber of Commerce and Industry he not only led initiatives to stimulate Japanese industrial development and local economic growth, but also sought to redefine the Chamber's role by promoting closer cooperation between large and mid-to-small-sized corporations, and by providing a forum to oversee the creation and development of new industries.


Throughout his career, Mr. Ohga also remained true to his calling as a trained musician, tirelessly devoting his energy to providing a solid financial base for the struggling classical music industry in Japan. He rescued the Japan Music Art Promotion (JMARP) institution which was facing the threat of closure, and was subsequently appointed Director. The organization was renamed Sony Music Foundation, and embarked on a range of new initiatives, including assisting the development of aspiring young musicians, and supporting various concerts and musical events to promote the growth of classical music as an art form.


Mr. Ohga received national recognition in 1988 when he was presented with the Japanese Medal of Honor with Blue Ribbon, and in 2001 when he was presented with the Grand Cordon of the Order of the Sacred Treasure. Nations around the world have also recognized Mr. Ohga's achievements, with France presenting him the country's highest decoration - the Legion of Honour - and Germany, Italy and Austria also bestowing Mr. Ohga with
national awards of honor.

Wednesday, February 10, 2010

Your best valentine gift yet


I had the opportunity to have coffee with a Filipino-Chinese client who had a 10-million life insurance policy with us. This was our first meeting after Sony Life assigned his account to me. With another 10-million policy from another life insurance company and only two kids and his one and only wife, this client (who was just in his 40s) apparently had his most important asset--his family--protected.

In Britain, they call life insurance the last love letter. I couldn't agree more.

I quickly reviewed the policy details with him, and the one thing that stood out was that his primary beneficiary--his wife--was designated as "revocable."

In life insurance, beneficiaries can either be revocable or irrevocable. If you don't indicate otherwise, the default would be "revocable."

What is the difference? Simple, but the repercussion could cost your loved ones a huge sum of money. Up to 2 million pesos in his case.

A revocable beneficiary is someone the policy owner could change any time. The owner could also change the irrevocable beneficiary, but only with the latter's consent. So why bother?

Because the life insurance proceeds to a revocable beneficiary are taxable. And the maximum rate for the estate tax is 20 percent! On the other hand, those to an irrevocable beneficiary are NOT.

So if the life insurance coverage is 1 million pesos, the revocable beneficiary could pay up to 200,000. If the coverage is 10 million, a whopping 2 million could go to the government. Wow! I never met a widow or orphan who complained of too much money that she was willing to let go of 200,000 or 2 million.

The good news is that it's so easy and fast to change the designation of your beneficiaries. And the process is FREE, at least for Sony Life. What you really need is just a few minutes off your busy schedule to find time to contemplate on the future of your loved ones.

For those I am privileged to serve as Lifeplanner, and for those who don't have one yet, call  or text me now at (02) 577.1624 (duo), 0917.811.LIFE (5433), 0922.85.CAIRO (22476), or 0919.484.2000. This may yet be your best Valentine gift for your family.


Thursday, October 1, 2009

Sony Life offers loans to clients affected by Ondoy; extends grace period to 61 days

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We, at Sony Life, pray and hope that you and your loved ones are safe from the devastation of typhoon Ondoy. In line with our desire to assist you during these trying times, we are extending the grace period by 30 calendar days. This results in a total grace period of 61 calendar days and covers policies with due dates from September 26 to October 26, 2009.

Moreover, for those in calamity areas who are eligible for a policy loan, I will call you to confirm if you would like to avail of it. If so, you won't need to go to our office; If you are in Metro Manila or nearby areas, I would personally deliver the cash to you.

For further inquiries, you may call me at (02) 577.1624 (duo), 0917.811.LIFE (5433), 0922.85.CAIRO (22476), or 0919.484.2000. You may also email me at servedbycairo@gmail.com.

God bless us all.


Sunday, August 30, 2009

Truly professional

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In February this year, I started following the Conspiracy of the Rich: The 8 New Rules of Money. It is an online, interactive book by Robert Kiyosaki, author of the #1 bestselling personal finance book of all time, Rich Dad Poor Dad.

Launched after Barack Obama was inaugurated president of the United States, the book was written as history unfolded.

It is a must-read book, with a number of controversial assertions: "Your house is not an asset" and "Savers are losers," among others.

The good thing is that he encourages feedback; and since it is interactive and online, had promised to incorporate them into the book as it was written.

This is a feedback on a minor point. Kiyosaki doesn't like mutual funds, to which--like most of his assertions--I agree. But his generalization against all insurance people is not fair: "Never ask an insurance salesman if you need more insurance."

In his "Let's Discuss" page, this was my reply to him:

Thank you for this project, Robert. A Mensa member, I have been following the Conspiracy and have greatly benefited from it. I'd like to tell you that you are one of three authors that I respect the most, along with Anthony Robbins and Stephen Covey.

I find it quite unfair, though, when you generalize against insurance people. Many of them are probably unethical, or just after the sale, but not all. A growing number are truly professionals.

Please take a look at the Lifeplanners of Sony Life, for instance. We started with just 27 in Japan in 1979 and now we've made quite an impact--even though there are less than 4,000 of us. I'm a Lifeplanner in the Philippines, and I really tell a client not to get more insurance if he has no need (we have a software to determine that.) When a client visited us here in the Philippines two years ago, I did a financial-needs analysis and found out that her total coverage of some $310,000 (around 15 million pesos) was more than enough--because her two sons were grown up and in fact had their own jobs. I advised her to give up some of her policies.

Otherwise, keep up the good job. I admire your burning mission. Mine simply is to save lives. 
life plan

Sunday, August 2, 2009

Prayer for a happy death

by Corazon C. Aquino

Almighty God, most merciful Father
You alone know the time
You alone know the hour
You alone know the moment
When I shall breathe my last.

So remind me each day, most loving Father
To be the best that I can be
To be humble, to be kind,
To be patient, to be true,
To embrace what is good
To reject what is evil
To adore only You.

When that final moment does come
Let not my loved ones grieve for long
Let them comfort each other
And let them know how much happiness
They brought into my life.
Let them pray for me
As I will continue to pray for them,
Hoping that they will always pray for each other.
Let them know that they made possible
Whatever good I offered to our world
And let them realize that our separation
Is just for a short while
As we prepare for our reunion in eternity.

Our Father in heaven
You alone are my hope
You alone are my salvation
Thank You for Your unconditional love. Amen.

life plan

Saturday, July 25, 2009

Michael Jackson called Sony Life founder "sensei"


(In Japan, sensei is a word used to address teachers, lawyers, doctors, or clergymen. It is also used to show respect. This article was culled from the J-CAST Business News. Akio Morita, founder of Sony Corporation, established Sony Life in 1979.)

JAPAN – July 24, 2009 – More than two weeks has passed since the news of the death of Michael Jackson, the "King of Pop," reached Japan. While the cause of his death is still under investigation, and he is becoming a legendary person, it was found that there had been a Japanese person whom Michael had deeply adored by calling him with the honorific title of "sensei" before his death. That person was Akio Morita, one of the founders of Sony Corp.

How can I attract the hearts of young people?

Michael Jackson and Akio Morito came to know each other in 1987. In September of that year, after the release of the album "Bad," Michael made his first visit to Japan for a solo tour. The relationship between the two started at that time when Morita, with his wife Ryoko, went to see Michael's show. After the show, Michael requested Morita through his manager for a meeting.

What went on then is described in an article written by his wife Ryoko and posted in the official website Akio Morita Library. Her article is entitled the "'true profile of Morita as a man vol.6' Memory of meeting with Michael Jackson" (renewed on July 7, 2009). She wrote about what happened at the time of Michael's Japan visit for a solo tour in 1987 as follows: (Michael's direct quotes are not available. Thus all are translations from Japanese.)

"I heard that he apologized repeatedly by saying, 'I wanted to thank about Mr. Morita's coming today. Today I couldn't perform my show to my 100% satisfaction. I couldn't sing. I want to show you much better performance than today next time. So I want you to come again without fail."
While in Japan, Michael attended Ryoko's birthday party held at the home of Morita. He seemed relaxed in such an occasion and enjoyed himself, acting like a child, showing interest to things he could see, particularly an automatic piano and music box. The relationship continued after that and he visited the Moritas whenever he came to Japan.

He also peppered Morita with such questions as "How can I attract the hearts of the young people?" "How can I become a person people respect more?" and "Who can I believe?"

Sent his taped message to Morita recuperating from illness

In November 1993, Michael was greatly worried when he learned that Morita had suffered from a cerebral hemorrhage. Michael then recorded a message on a cassette in his own voice for Morita.

According to the "tokudane" programming for broadcasting on the Fuji Television networks, the recording on the tape started with "Mr. Morita" followed by talking to Morita in a tender voice. The label on the cassette said to the effect, "please play this tape and listen in the morning, afternoon and evening."

"Mr. Morita, Mr. Morita, Mr. Morita. I am Michael Jackson calling here. Please get well. Get well soon. You are to lead us. You are our teacher, leader, and we ourselves. You have taught us many things. You are a very strong person. I trust you. 'I'll get well day by day no matter what.' 'I'm feeling better and better." Please repeat these words in your thought." (This was translated mostly from Japanese.)
The recording lasted 20 minutes with songs and continued to cheer up Morita. The "I'm feeling better and better" was especially repeated three times with several seconds of silence in between so that Morita would be able to say it by himself. Morita died six years later in October 1999, and he heard the recording every morning and evening all these years.

This is an episode that shows the tender heartedness of Michael. Lamenting over the untimely death of Michael, Ryoko said in the website posting that "Michael could not believe anyone and he found comfort in children and animals. He is now in heaven and in the comfort of the quiet. He rests in peace, free from care for anyone."

life plan

Friday, July 24, 2009

Lifeplanner Value®

by Taro Okuda, President, Sony Life Insurance Co., Ltd.*

Life insurance is designed to turn tomorrows into certainties. Accordingly, when we provide life insurance to customers, we begin by painting a picture that depicts their future lives. We aim to provide optimal protection for each customer so that their dreams for the future remain intact even when the unfortunate occurs. Through consulting services based on each customer’s life plan, we seek to share with customers their dreams and wishes and their thoughts for their families, as well as their uncertainties and concerns for the future. But rather than simply sharing thoughts, we believe the new challenge for Sony Life lies in providing services as only Sony Life can that help customers realize their dreams and overcome their uncertainties. We see it as our mission as a life insurance company to provide the financial security and high-quality services that can help our customers lead secure lives and realize their dreams.

Our corporate slogan, LIFEPLANNER VALUE®, defines our resolve to accompany customers through each life stage and help them realize their dreams and live fulfilling lives. Through this resolve, which each of its employees pursues, Sony Life aims to be a company that earns the support and trust of its customers.

In addition to its customers, Sony Life values all its stakeholders, including employees, their families, local communities and shareholders, and strives continuously to have hope-filled tomorrows together with them all. As we work to build positive relationships with all the people who surround the company, we will aim to achieve healthy growth as we strive to raise the level of certainty of the security we provide.

*(excerpts from Sony Life's 2008 Annual Report)
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