This is a story I came across during my recent trip to Japan:
Nichia Corp, the Japanese manufacturer of the blue light emitting diode (LED), this month agreed to pay 840 million yen ($8 million) to a former employee in compensation for his invention of the technology to make the blue LED, which has turned a once minor chemical company in rural Japan into a virtual world monopoly in the production of the blue LED.
The court-mediated settlement of the dispute over the inventor’s demand for a huge amount of compensation drew wide public attention not just as industrial news but as an event of major social impact prompting a rethinking of individuals’ position in organizations in Japan in general, and engineers’ in business corporations in particular.
It also has prompted businesses to consider a system to adequately compensate for employee inventions, something that has been left in the dark in the past but has assumed crucial importance in this age of growing importance attached to intellectual property rights.
At the time of his invention, Nakamura was given a mere 10,000 yen bonus. What I saw on TV was a livid man holding a press conference and saying, “It’s as if the court is telling me to go to America. America is a society which actually rewards creativity.” There were also interviews on the street where people said he didn’t receive enough. Any thoughts?