Sony CEO, Executives, Taking 50% Pay Cut

It’s been reported by The Wall Street Journal that Sony CEO Kazuo Hirai, along with several unnamed executives, will take a 50% salary pay cut this year ahead of Sony’s 4th year of posted losses out of the past 5 years. In addition, he will also decline his annual bonus.

Despite how strong the PS4 has sold worldwide against its competition in the Xbox One and Wii U, one strong limb cannot keep the host company thriving. Its weaker limbs in TV’s, tablets and PC departments (the last of which is being spun off and sold) are mainly responsible for Sony’s expected $1.27 billion loss in the fiscal 2013 year.

With Sony’s year-end financial results being posted and discussed by Sony brass tomorrow, we’ll know for sure just exactly what aspects of Sony are performing below and above expectations.

h/t IGN

———–—————

Want to get the latest gaming news wherever you may be? Download the official Fansided App on the App Store or Google Play Market today to stay up-to-date on the latest news and rumors from GameSided without even being at a computer. You can also sign up for our newsletter below to get daily updates send straight to your e-mail. And don’t forget to connect with us on Twitter @Gamesideddotcom.

Looking to write about video games? Join us at GameSided! Contact me to apply or if you have any inquiries/tips: daniel.george@fansided.com.