Howard Stringer
Sony's Stringer steps down as president, CEO
Troubled Japanese tech giant Sony's president and CEO Howard Stringer is to step down, the firm said on Wednesday as it looks to staunch four years of losses in the face of fierce competition.
Sony has been assailed on multiple fronts, with mobile phones challenging its key games division – the scene of an embarrassing hacking scandal – huge losses in televisions, and piracy threatening its music and film assets.
Sony chairman takes pay cut
Sony Corp chairman Howard Stringer took a 15 percent pay cut as the company slashed compensation for executives who oversaw a third straight year of losses.
Stringer earned JPY345 million (USD4.3 million) in salary and bonuses for the 12 months ended on 31 March, a decrease from JPY408 million a year earlier, Sony's filings to the government show. He also received 500,000 shares as stock options, unchanged from the prior period.
Sony to keep online focus despite leaks
Sony Corp.'s online services will be a main source of growth for the company even after hacker attacks crippled its PlayStation Network, CEO Howard Stringer said on Tuesday.
Sony will also focus on networked devices and services, 3D products and emerging markets, Stringer said at the firm's shareholders' meeting in Tokyo, where the electronics maker is based.
Stringer apologised to its shareholders and customers for causing inconvenience with a massive data leak involving about 100 million accounts mainly of its PlayStation gaming systems.
Sony chief warns on game network security risks
After spending weeks to resolve a massive internet security breach, Sony Corp. CEO Howard Stringer said he can't guarantee the security of the company's videogame network or any other web system in the "bad new world" of cybercrime.
Sony CEO Stringer gets USD4.5m in annual pay
Sony Corp. said its CEO Howard Stringer took home USD4.5 million in the past financial year, in what will amount to one of the biggest payouts for an executive of a Japanese firm.
Stringer, who has struggled to significantly boost Sony's competitiveness since he took the top job in 2005, received JPY410 million (USD4.5 million) in fixed and performance-related pay in the past year to March, in which the company posted a net loss of JPY40.8 billion (USD449.3 million).
