Sony: CEO Took 16 Percent Pay Cut Last Year

June 29, 2011 -

Sony CEO Howard Stringer took a 16 percent pay cut last year, the company announced at its shareholder meeting on Tuesday. Sony said that Stringer's salary and bonuses fell to right around 345 million yen, or roughly $4,268,807 (according to currency conversion site XE.com). Earlier in the week shareholders asked Stringer to resign from his post as CEO. Obviously Sony and Stringer are not entertaining that idea at all.

The shareholder anger is directly related to the security breach in April, Sony's handling of the situation, and the inevitable price tag, which the company estimates at $14 billion yen.

Stringer tried to console investors by saying that since the PlayStation Network came back online, around 90 percent of its subscribers have returned and he apologized for how the company dealt with the security breach.

Source: BBC

 


Comments

Re: Sony: CEO Took 16 Percent Pay Cut Last Year

They call everyone of their ideas "Million Dollar Ideas" it will either make or lose millions if it's the latter cost even more millions to fire the guy.

Re: Sony: CEO Took 16 Percent Pay Cut Last Year

Bottom line CEO's suck they stretch out what they can do for so little and then turn the company into shit for an example please see SEARS

Re: Sony: CEO Took 16 Percent Pay Cut Last Year

You did the currency conversion incorrectly. 36 million yen is about 447,550.76 USD according to that site. You can always get a ballpark guess by pretending yen are pennies, which would work out to 360,000.

Re: Sony: CEO Took 16 Percent Pay Cut Last Year

I think even if he took a 99% pay cut he would be okay.  I have a hard time feeling any sympathy for someone who lost more money in a year than I will make in a lifetime.

-Ultimately what will do in mankind is a person's fear of their own freedom-

Re: Sony: CEO Took 16 Percent Pay Cut Last Year

Working the math backwards, his pay cut amounted to roughly $813,106. To put that in perspective, a person making $24k a year would require 33 years to earn that much money.

I'm with you, I can't really muster any sympathy for the guy.

 
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Papa MidnightIt's not bad so far, but I am honestly not sure what to make of it (or where it's going for that matter)07/28/2014 - 9:44pm
Matthew Wilsonis it any good?07/28/2014 - 9:36pm
Papa Midnight"Love Child" on HBO -- anyone else watching this?07/28/2014 - 9:27pm
MaskedPixelanteNah, I'm fine purple monkey dishwasher.07/28/2014 - 4:05pm
Sleaker@MP - I hope you didn't suffer a loss of your mental faculties attempting that.07/28/2014 - 3:48pm
MaskedPixelanteOK, so my brief research looking at GameFAQs forums (protip, don't do that if you wish to keep your sanity intact.), the 3DS doesn't have the power to run anything more powerful than the NES/GBC/GG AND run the 3DS system in the background.07/28/2014 - 11:01am
ZenMatthew, the 3DS already has GBA games in the form of the ambassador tittles. And I an just as curious about them not releasing them on there like they did the NES ones. I do like them on the Wii U as well, but seems weird. And where are the N64 games?07/28/2014 - 10:40am
james_fudgeNo. They already cut the price. Unless they release a new version that has a higher price point.07/28/2014 - 10:19am
E. Zachary KnightMatthew, It most likely is. The question is whether Nintendo wants to do it.07/28/2014 - 10:12am
Matthew WilsonI am sure the 3ds im more then powerful enough to emulate a GBA game.07/28/2014 - 9:54am
Sleaker@IanC - while the processor is effectively the same or very similar, the issue is how they setup the peripheral hardware. It would probably require creating some kind of emulation for the 3DS to handle interfacing with the audio and input methods for GBA07/28/2014 - 9:30am
Sleaker@EZK - hmmm, that makes sense. I could have sworn I had played GB/GBC games on it too though (emud of course)07/28/2014 - 9:23am
E. Zachary KnightSleaker, the DS has a built in GBA chipset in the system. That is why it played GBA games. The GBA had a seperate chipset for GB and GBColor games. The DS did not have that GB/GBC chipset and that is why the DS could not play GB and GBC games.07/28/2014 - 7:25am
IanCI dont think Nintendo ever gave reason why GBA games a reason why GBA games aren't on the 3DS eshop. The 3DS uses chips that are backwards compatable with the GBA ob GBA processor, after all.07/28/2014 - 6:46am
Sleakerhmmm that's odd I could play GBA games natively in my original DS.07/28/2014 - 1:39am
Matthew Wilsonbasically "we do not want to put these games on a system more then 10 people own" just joking07/27/2014 - 8:13pm
MaskedPixelanteSomething, something, the 3DS can't properly emulate GBA games and it was a massive struggle to get the ambassador games running properly.07/27/2014 - 8:06pm
Andrew EisenIdeally, you'd be able to play such games on either platform but until that time, I think Nintendo's using the exclusivity in an attempt to further drive Wii U sales.07/27/2014 - 7:21pm
Matthew WilsonI am kind of surprised games like battle network are not out on the 3ds.07/27/2014 - 7:01pm
Andrew EisenWell, Mega Man 1 - 4, X and X2 are already on there and the first Battle Network is due out July 31st.07/27/2014 - 6:16pm
 

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