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About Panasonic
The Founder Konosuke Matsushita
Chapter 4
Dreams Running Unbounded - As Chairman of
the Board and later as Executive Advisor
Resigning and becoming chairman: in 1961 at age 65
At the annual management policy meeting for 1961,
Konosuke delivered a rousing speech, proclaiming that the company
had achieved the aims of its five-year plan and was entering a new
phase of growth. After completing his address, he surprised the assembled
by announcing his resignation, saying, "I have just celebrated my
65th birthday. I have been thinking that I should step down at an
appropriate moment, and that time has now arrived. I will continue
to support the company from behind the scenes as chairman."
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