Sony execs requested to return bonuses

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Sonymoney

In this world of over-the-top bonuses and excessive salaries for executives it is nice to see a group who actually appear to care about the company that they are working for… even if it does mean that things aren’t going exactly to plan.

According to Bloomberg the electronics giant has once again missed logging a profit for its electronics division for the last financial year and as such the board of executives has once again decided to return their bonuses for a second year running.

The bonuses are valued at between 30% and 50% of their annual salary and would be a severe knock even for these exceptionally well played individuals. There is some good news for Sony though, the company as a whole did bring in a profit for the last financial year, the nett income of $410 million is in stark contrast to the $4 653 million loss they made in the previous year.

There is some good news on the horizon though with the PlayStation 4 receiving universal acclaim so far and a solid release later this year would surely push Sony back into the black.

Last Updated: May 3, 2013

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Gavin Mannion

I for one welcome our future robotic overlords

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