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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quiknkoldSyringes can break. And in a transcontinental delivery, the glass could've broken when crushed. I work in a mail center. Shit like this is super serious09/21/2014 - 3:25pm
E. Zachary KnightIt doesn't matter what is inside the needle. As long as it requires him to take the step of purposefully injecting himself, the threat of the substance is as close to zero as you can get.09/21/2014 - 1:27pm
quiknkoldEzach: I'm not talking about the needle. I'm talking about what's inside. Geeze. Depending on what it is, the sender could be guilty of bioterrorism.09/21/2014 - 12:51pm
E. Zachary Knightquiknkold, No. That syringe is not worse than white powder or a bomb. The syringe requires the recipient to actually inject themselves. Not true for other mail threats.09/21/2014 - 12:49pm
Andrew EisenThe closest to a threat I ever received was a handwritten note slipped under my door that read "I KNOW it was you." Still no idea what that was about. I think the author must have got the wrong apartment.09/21/2014 - 12:28pm
InfophileThat's what they call it? I always called it hydroxic acid...09/21/2014 - 11:57am
MaskedPixelanteProbably dihydrogen monoxide, the most dangerous substance in the universe.09/21/2014 - 10:14am
james_fudgewell I hope he called the police so they can let us all know.09/21/2014 - 9:07am
quiknkoldIt's pretty gnarly. Depending on what it is, it could be worse than white powder or a fake bomb.09/21/2014 - 9:06am
james_fudgeI just looked it up on UPS.com09/21/2014 - 8:56am
james_fudgeand expensive for an American to ship to London.09/21/2014 - 8:55am
E. Zachary KnightThat is pretty scary. Would have been worse if it were a fake bomb or white powder.09/21/2014 - 8:49am
quiknkoldThere's some more tweets regarding it with more pictures09/21/2014 - 8:09am
quiknkoldMilo Yiannopoulos was mailed a syringe filled with clear liquid. He claims it's anti gamergate harassment. Mentioned on his twitter twitter.com/Nero/status/51366668391625523209/21/2014 - 8:07am
Andrew EisenNow, having said that, what sites are you reading that are claiming that if "you self-identify as a Gamer, you're immediately the problem" or that gamers are "obligated to stop harassment"? Or was that hyperbole too?09/21/2014 - 1:03am
Andrew EisenFirst of all, ONE person in the Shout box suggested an obligation to call harassers out on their harassing but only after YOU brought it up. Plus, Techno said "when you see it happening." If you don't see it, you're not under any obligation.09/21/2014 - 1:02am
Sleaker@Craig R. - at this point I don't even know what the hashtags are suppsed to be in support of. what does GamerGate actually signify.09/21/2014 - 12:21am
Sleaker@AE - Hyperbole for the first 2, but it seems like some of the comments in the shout are attempting to place blame on fellow gamers because they aren't actively telling people to stop harassing even though they don't necessarily know anyone that has.09/21/2014 - 12:16am
Andrew EisenSleaker - Who the heck are you reading that is claiming "all gamers are bad," we "need to pass laws or judgement on all gamers," that if "you self-identify as a Gamer, you're immediately the problem," or that gamers are "obligated to stop harassment"?09/20/2014 - 9:44pm
erthwjimhe swatted more than just krebs, I think he swatted 30 people http://krebsonsecurity.com/2014/05/teen-arrested-for-30-swattings-bomb-threats/09/20/2014 - 9:31pm
 

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