Sony’s CEO, Execs Receiving 50% Pay Cut
According to the The Wall Street Journal, plans to slash the pay cuts of Sony’s current CEO and President of Sony, Kaz Hirai along with the other executives has been put into effect. The Sony executives are expected to receive 50% less pay from now on, a decision spurred by the company’s fourth annual loss in the last five years.
About a fortnight ago, Sony forecasted a $1.27 billion loss for the 2013 fiscal year ending back in March 31, 2014. This number was upscaled from the company’s previous forecasted loss of $1.07 billion back in February.
Read More: http://writertown.com/sonys-ceo-execs-receiving-50-pay-cut/
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