Wednesday, 1 May 2013

INQUIRER.net: Sony executives give up bonuses

INQUIRER.net
Philippine News for Filipinos
Sony executives give up bonuses
May 2nd 2013, 02:03

TOKYO—Dozens of Sony executives including the firm's chief are foregoing bonuses this year in an "unprecedented" step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.   Chief executive Kazuo Hirai is among 40 top managers who will not get a bonus estimated at several hundred million yen (several million dollars) "due to severe business circumstances, including stagnant performance in the electronics sector," the spokeswoman said.   The leading Nikkei business daily said the payout could have totaled 1.0 billion yen ($10 million).   Last year, seven top Sony executives gave up their bonuses "but the number this ti...

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