Sunday, December 21, 2014
Sony Top Tier Return Bonuses, Take Pay Cuts

Sony Top Tier Return Bonuses, Take Pay Cuts

Following four years of consecutive losses at Sony, company executives like Sir Howard Stringer and Worldwide boss Kaz Hirai have returned bonuses paid to them by the firm, and have also taken pay cuts.

Although it’s not clear how much was cut from the executives pay, The Independent is reporting that seven of the top echelon at Sony saw their pay checks slashed and have agreed to return their bonuses.

This follows a report from Nikkei claiming Nintendo will cut its executive bonuses by 20 percent after the company saw its first loss in history earlier this year, and continued poor sales performance.

About Ernice Gilbert

Ernice Gilbert here. Founder and Editor-In-Chief of Gamesthirst. Thanks for stopping by, make yourself at home!
  • nick

    better question is why were they given them in the first place?
    this is not exactly a shock, its not like nintendos position where FY losses were more of a surprise!
    its been happening for years for crying out loud!
    as peter said the other day, $ony really need to stop spending money like a 16 year old spoiled brat with daddys CC!

  • http://www.gamesthirst.com Ernice Gilbert

    LOL. Sony’s not exactly broke, you know that, right?

  • http://www.gamesthirst.com Ernice Gilbert

    The stock’s looking bad but the firm’s got good cash in the bank and on hand.

  • nick

    where did i say they were?
    just pointing out how careless and reckless they are with what they have!