Electronics giant asks shareholders to appoint new board of directors

Sony bosses take pay cut after 4th annual losses

Sony execs have taken pay cuts and returned their annual bonuses following four years of losses.

The PlayStation parent has also asked shareholders to appoint a new Board of directors, which will include Hirai.

Hirai only became CEO of Sony in April following years in charge of the PlayStation business.

The news follows reports that Nintendo has also slashed employee bonuses and issued pay cuts following its poor performance last year.

This story originally appeared on our sister-site, MCV.

About MCV Staff

Check Also

Q9 How likely are you to rearrange plans with friends and family to make time for GTA VI 1 [Industry News] 1 in 3 gamers taking time off work for GTA VI launch

[Industry News] 1 in 3 gamers taking time off work for GTA VI launch

New marketplace data shows that traffic on websites related to GTA VI increased by over 6000% on 25 June compared with the average level recorded before May. Demand remained high over the following days, with average traffic between 25 and 30 June up to almost 3000% against the same baseline.