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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.