According to The Wall Street Journal, CEO and President of Sony – Kaz Hirai – is preparing to take a 50 percent pay cut while declining his annual bonus, also other high-level Sony executives will follow suit in a sign of solidarity with their struggling company, which will post an annual loss for the fourth time in five years. Two weeks ago Sony revealed that it expected to post a $1.27 billion loss for the 2013 fiscal year.
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 … Read moreSony execs take pay cuts following four years of losses
Financial realities are setting in for Sony, who are reported to be considering buyers or renters for its expensive New York headquarters. The Sony Building … Read moreYou could own Sony’s New York HQ