Sony bosses take pay cut after 4th annual losses

Sony bosses take pay cut after 4th annual losses

By Christopher Dring

June 13th 2012 at 3:40PM

Electronics giant asks shareholders to appoint new board of directors

Sony execs have taken pay cuts and returned their annual bonuses following four years of losses.

The PlayStation parent has also asked shareholders to appoint a new Board of directors, which will include Hirai.

Hirai only became CEO of Sony in April following years in charge of the PlayStation business.

The news follows reports that Nintendo has also slashed employee bonuses and issued pay cuts following its poor performance last year.

This story originally appeared on our sister-site, MCV.