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Sony execs taking 50% pay cut as big losses loom - report

Sony execs taking 50% pay cut as big losses loom - report

May 13, 2014 | By Mike Rose

May 13, 2014 | By Mike Rose
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More: Console/PC, Business/Marketing



Newsbrief: With Sony on the cusp of revealing large-scale losses for the last fiscal year, a new report from the Wall Street Journal suggests that Sony's executives will take a 50 percent pay cut as the company pushes games as one of its main pillars.

Sony will release its 2013 fiscal report tomorrow, and it's forecasting losses of $1.3 billion due to restructuring at the company. This new report says that Sony plans to focus on its PlayStation business, alongside its imaging tech and mobile devices, to push it back into the black.

This will be Sony's fourth annual loss in five years. As well as taking a 50 percent pay cut, Sony execs will also forgo their bonuses for the year, suggests the WSJ.


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