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Sony’s CEO Takes 16% Pay Cut

After three years of continuous losses, Sony’s CEO, Howard Stringer, is finally taking a 16% paycut in efforts to allocate that money to other parts of Sony. Okay, so 16% isn’t a lot from a $4.2 million salary, but hey, it’s something.

From the tragic earthquake that occurred in Japan, the company has lost about $3 million and continues to suffer losses after the devastating Sony hack that happened a few months ago from the LulzSec hacking group.

Not to mention the month it took for Sony to get back online. The hack proved to be a devastating blow for the company just shortly after the earthquake had struck Japan.

Sony still feels confident that it can turn a profit for the next fiscal year, although it seems to be the norm for major electronics companies to optimistically predict future profits. Personally, I do not see how the PSP Vita will save the company- especially being that the base model starts at $249 with the 3G model running on AT&T’s network.

Then again, if a CEO cannot be optimistic these days, you usually see them being fired, so who knows what’s really going on in Stringer’s mind. Post us some of your thoughts at www.facebook.com/techmento or follow us on Twitter (@techmento).

Photo Courtesy of jolie
Photo Courtesy of dan_taylor

  • Dean Hajas

    Howard Stringer has vowed to stay home in front of his Burning Bravia TV.  It’s reported that SONY wants to “reinvent the TV”.  It looks like they might have to reinvent the moral compass of SONY before this endeavour.  Reverbnation profile Dean Hajas Take Me Higher vs,/ Britney Spears Slave for You, Dave Aude Remix.  Please go to 1;29 of Slave for You video to compare from that point on. The sight also includes letter from Bruce Scavuzzo pointing fingers back at Eric Levine.

    Please contact mdean707@hotmail.com