March 11, 2011 |
Sony Corp. on Thursday announced the promotion of Kazuo Hirai, the head of its PlayStation and Vaio business, to assume control of its vast consumer electronics division. The move appeared to give Hirai, 50, a leg up in the four-way race to succeed Sony Chief Executive Howard Stringer, 69, who is expected to retire within two years. The other three candidates are said to be Hiroshi Yoshioka, Yoshihisa Ishida and Kunimasa Suzuki. Stringer had dubbed his lieutenants "The Four Musketeers.
June 30, 2011 |
Sony Corp. has promoted Andrew House to president and group chief executive of Sony Computer Entertainment Inc., the division that encompasses its PlayStation gaming business. House will report to Kazuo Hirai, who took on the title of chairman of the gaming division. Hirai will replace Akira Sato, who will retire Aug. 31. The promotions take effect Sept. 1. Sony also said Ken Kutaragi, the outspoken semiconductor engineer credited with creating the original PlayStation, retired Tuesday from his largely ceremonial role as honorary chairman of Sony Computer Entertainment.
June 29, 2011 |
Sony Corp. Chief Executive Howard Stringer's compensation fell 16% last fiscal year as the electronics and entertainment giant struggled to recover from the effects of the March 11 earthquake in Japan. Stringer's salary and bonuses for the fiscal year ended March 31 totaled 345 million yen, roughly $4.3 million, down from 408 million yen, or about $5 million, a year earlier, according to a report released Tuesday to Sony shareholders. Sony first began to report executive salaries last year in compliance with a Japanese law that went into effect in 2010.
May 10, 2012 |
Sony Corp., anxious to leave behind a year plagued by floods, earthquakes, economic turmoil and a record $5.6-billion loss, vowed Thursday to return to profitability this year. The Japanese consumer electronics and media giant forecast that it would increase revenue 14% and post a modest $366-million profit this fiscal year, thanks to aggressive cost-cutting and top-to-bottom reorganization that would de-emphasize its once-dominant television business and focus on more profitable products.
January 4, 2014 |
To glimpse the future of consumer electronics, get a grip on the world's first Internet-connected tennis racket. With tiny sensors embedded in the handle, the racket measures a player's strokes, topspin and just about everything else that happens when the ball is struck. All that information is instantly relayed via a wireless Bluetooth connection to a smartphone app. The player can later view and analyze it on the Web. "It's going to be a huge change for the tennis player," said Thomas Otton, director of communications for Babolat, the French tennis company that invented the original cow-gut racket strings 140 years ago. "They are going to have access to all kinds of information and data that will help them progress much faster and have more fun. It's a true revolution.
April 9, 2012 |
Sony Corp.will cut 10,000 jobs, or 6% of its workforce, as the Japanese electronics conglomerate and its new chief executive try to wiggle back into the black. The company's new head, Kazuo Hirai, will confirm the reductions in what is sure to be a heavily watched briefing on Thursday, the country's Nikkei newspaper reported Monday . Hirai, who took over from Howard Stringer earlier this month, must attempt to steer Sony from its predicted fourth consecutive annual loss back to fighting form against stronger device-making rivals such asApple Inc. Much of the employee scale-backs will come from Sony's deeply unprofitable television business , which has been losing money for the better part of a decade to lower-cost competitors such as Samsung and Vizio.