Feeds

Sony bosses will return bonuses as firm preps for BILLIONS in losses

Red-splattered Japanese company battens down hatches

Designing a Defense for Mobile Applications

Sony's top brass are set to return their bonuses as the limping Japanese company struggles with predicted billion-dollar losses.

Some 40 execs will hand back their Brucies*, which account for between 30 and 35 per cent of their total pay, on the suggestion of chief executive Kazuo Hirai.

The Japanese giant is due to unveil its results tomorrow and they are expected to be bad.

Just last week, Sony suggested it would post a whacking $1.3bn loss, blaming the shortfall on "additional expenses” due to its sale of a loss-making PC business to the investment fund Japan Industrial Partners.

Back in February, Sony confirmed it would axe 5,000 workers when it made this sale.

It also blamed the decline in demand for physical media, which probably means Blu-ray discs aren't exactly flying out of the door.

Sony said it will put a hold on development of OLED (organic-light emitting diode) tellies and focus on 4K high-def goggleboxes to get its business back on track. ®

Brucienote

Brucie Bonus. A phrase that will be familiar to any Reg reader who watched Play Your Cards Right, which featured eternal telly presenter Bruce Forsyth.

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.