Tuesday, May 13, 2014

Sony CEO to take up to a 50 percent pay cut

Sony CEO Kazuo Hirai and other top executives at the electronics giant will forgo their bonuses, taking up to a 50 percent pay cut in the process, it has been revealed. The Wall Street Journal reports the move, which comes a day before Sony is expected to announce its fourth annual loss in five years. The company anticipates that its loss for the period will total ¥130 billion ($1.27 billion).Part of the tough times at Sony right now involve the company's PC business, which it intends to sell...

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