Pay for Sony’s boss Stringer is slashed by 16pc
SONY boss Howard Stringer took a 16 per cent pay cut last year as he led the struggling electronics giant to its third consecutive full-year loss.
Welsh-born Stringer, who has endured intense criticism over the firm’s handling of a massive cyber attack earlier this year, saw his salary and bonus package fall to £2.7m, from £3.2m in 2010.
The company is still reeling from one of the largest ever corporate hacking attacks, in which information on 100m of its users was stolen, as well as damage to its supply-chain caused by the Japanese tsunami.
The firm also announced second-in-command Kazuo Hirai will relinquish day-to-day control of the company’s videogames unit in September, making way for fellow Welsh-born Sony veteran Andrew House.
House is currently head of the videogames unit’s European branch.
Analysts say the move does not harm Hirai chances of eventually taking the reins at the firm. He is widely expected to replace the increasingly unpopular Stringer.
Sony says around 90 per cent of its PlayStation Network users have stuck by the firm despite the breach.