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[ Bloomberg ] Sony’s Hirai Earns $1.6 Million as PS4 Maker Returns to Profit

post #1 of 8
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Quote:
Sony Corp. (6758) Chief Executive Officer Kazuo Hirai received 153 million yen ($1.6 million) in annual compensation as the Japanese electronics maker returned to its first profit in five years.
That’s 74 percent higher than the 88 million yen he received for the previous fiscal year, when he served as an executive deputy president, according to a company filing today with Japan’s Finance Ministry. Former Vice Chairman Ryoji Chubachi, who retired last week, received 194 million yen including retirement funds, the filing shows.
Compensation for Hirai, 52, was lower than the 184 million yen earned by Toyota Motor Corp. (7203) President Akio Toyoda, who led led a profit revival since taking control in June 2009. While leading the maker of PlayStation 4 video-game consoles and Bravia televisions to report a net income, Hirai gave up his bonus for the year ended in March as the main electronics operation remained unprofitable.

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post #2 of 8
Quite the increase in pay! Good to see Sony's electronic division making money again. thumb.gif
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post #3 of 8
Sony "we are finally not in the red" - quick spend money!!! Give raises now!!!! rolleyes.gif

Sorry, finally returning to a profit after 5 years is worthy of a great job and some doughnuts, not a huge comp package for doing what the company is supposed to be doing.
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post #4 of 8
Quote:
Originally Posted by SoloCamo View Post

Sony "we are finally not in the red" - quick spend money!!! Give raises now!!!! rolleyes.gif

Sorry, finally returning to a profit after 5 years is worthy of a great job and some doughnuts, not a huge comp package for doing what the company is supposed to be doing.

Himself, along with his execs, have given tens of millions in pay reductions and bonus refusal over the past few years.

It is well deserved in my mind. And do understand that 1.6 million is quite average/below average for a CEO of a massive company such as Sony.
     
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post #5 of 8
I think CEO/Business culture is slightly different in Japan than in the West due to management supposedly having a closer relationship with workers there?

In any such case, I didn't think I'd see Sony NOT in the red again. Let's see if this gen is significantly different.

How big is gaming in Son'y big picture anyway?
post #6 of 8
Quote:
Originally Posted by spikeSP View Post


How big is gaming in Son'y big picture anyway?


how big ??


talk about the backbone of Sony is the gaming division or as they call it now " computer entertainment "
post #7 of 8
Well deserved. This guy's got a good head on his shoulders.
Quote:
Hirai pledged to shareholders last week he will take bolder measures to revive the electronics maker, which is losing money in TVs and smartphones. “We expect our smartphone operation will improve earnings,” he said. “Making the TV unit profitable is a goal that must be met. We will accelerate expansion in emerging markets and new businesses.”

And this is why he's going to do well. He knows what needs to be prioritized.
post #8 of 8
Riiiidgeee Raaaceeeeer biggrin.gif
     
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