It hasn’t been a good year for Sony, which has been reeling from the Japanese earthquake and tsunami and hacker attacks on its PlayStation Network that the company said will cost it $2 billion in operating profit this fiscal year. Now the problems have reached Howard Stringer’s office: The Sony chairman received 15% less compensation for the 12 months ending March 31, the company said in government filings today, putting his salary and bonuses at $4.3 million (his second in command and likely successor, Kazuo Hirai, also got a pay cut). Sony’s stock has fallen 29% since the earthquake March 11; the company has reported three consecutive annual losses. According to Bloomberg, Stringer has overseen the loss of more than 37% of Sony’s market value over the six years ended March 31 since he was made chairman and CEO.
Sony Boss Howard Stringer Sees Pay Cut
Trending Now on Deadline
More From Team
- 'Anthony Bourdain Parts Unknown' Ratings: CNN Season Premiere Down With 538,000 Viewers
- 'Bone Tomahawk' Adds Five To Cast; Kristina Lauren Anderson To Adapt YA Novel 'Invisibility'
- TV Academy's Ed Sullivan Statue Stolen From Hall Of Fame Plaza
- SoftBank Eyes Stake In Legendary Pictures As DreamWorks Animation Talks Cool
- 'Inherent Vice' Trailer: Joaquin Phoenix Stars In Paul Thomas Anderson's Latest
- Naomi Campbell To Recur On Fox's 'Empire'; Tina Casciani Joins CW's 'Jane The Virgin'