Sony execs give up performance bonuses
Sony said Tuesday that seven senior executives, including its new chief, will not receive bonuses tied to its latest annual results, which saw the troubled firm post a record $5.8 billion loss.
Former chief executive Howard Stringer and his successor Kazuo Hirai are among those who will not be paid performance-linked bonuses, but a company spokesman declined to specify the amount they had been expected to receive.
However, similar bonuses paid to top executives for the previous fiscal year totaled 224 million yen ($2.8 million), he added.
The bonuses are separate from a combined base salary totaling 602 million yen paid to eight top executives, including one not slated to receive the performance bonus, in the fiscal year through March, Sony said.
Sources:
Japan Today
Japan Today
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