Sony execs take pay cuts following four years of losses

14 Jun 2012  by   John Robertson
Tweet about this on Twitter2Share on Facebook0Share on Google+0Share on Reddit0

Sony executives have agreed to pay cuts following four years of significant losses for the firm.

In addition, execs have also handed back annual bonuses and shareholders have been asked to vote for a brand new board of directors. It has already been confirmed that the new board will include the newly appointed Sony CEO and president Kaz Hirai.

Hirai has already cut 10,000 jobs since taking over the post in April in a bid to reduce costs, and has also promised to personally oversee the viability and profitability of every one of Sony’s products. Those deemed superfluous to plans will apparently be cut loss.

Tweet about this on Twitter2Share on Facebook0Share on Google+0Share on Reddit0
Related to this story
Register an IncGamers account to post comments or use Disqus.
You can also post via a social network.
Game advertisements by <a href="http://www.game-advertising-online.com" target="_blank">Game Advertising Online</a> require iframes.