Quantcast
Sony execs surrender annual bonuses in financial letdown - Destructoid




Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


Sony execs surrender annual bonuses in financial letdown


8:00 AM on 05.02.2013
Sony execs surrender annual bonuses in financial letdown photo



Sony CEO Kaz Hirai is one of the roughly 40 executives giving up annual bonuses in the wake of the company's financial results. This will result in suits losing between 30 and 50% of the money they normally take home every year. 

Hirai proposed the bonus cull after Sony's electronic business was shown to be unprofitable for the second year running. Though the company enjoyed an actual net profit for the first time in five years, the flagging electronic business is a concern, and Hirai seems serious about rectifying it.

The company already jettisoned 10,000 jobs and moved away from making television sets, though that wasn't enough to rake in the green this year. 

The PlayStation 4, of course, is due to launch at the tail-end of this year, and so long as Sony doesn't find a way to screw it up, that may be a big help in reviving things. There are so, so many tempting ways to screw it up though. Can Sony resist its impulses? 

Sony Executives Give Up Bonuses After Loss at Electronics Unit [Bloomberg]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.






Industry Bull

7:00 PM on 09.03.2014
New 3DS is region locked because of course it is

Nintendo announced the New 3DS and New 3DS XL last week during a Direct presentation. These are coming first to Japan this October with a new C-Stick, additional shoulder buttons, better 3D, near-field communication for amiib...more



7:30 PM on 08.26.2014
EA aims to make $1 billion from extra content this year

Everyone knows that downloadable add-ons for videogames have become a profitable trend in recent years. This year, EA's aiming high and hopes to rake in a record amount of revenue from DLC. According to an article on Bloomber...more



2:00 AM on 08.26.2014
Google supposedly bailed on Twitch deal because of antitrust issues

Amazon's recent acquisition of Twitch.TV for more than $1 billion might come as a surprise to anyone that had been following various suitors' attempts to buy the streaming mogul. As of late, it had seemed as if Google was poi...more



View all Industry Bull






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more