Sony to pay $7 million to bosses ousted in shakeupStruggling electronics maker Sony Corp. will give
chief executive Nobuyuki Idei and three other outgoing executives a retirement
package worth a total of about $7
million.
Idei is set to lose his job as chairman and CEO as part of a sweeping overhaul of management later this month. He will be replaced by Welsh-born Howard Stringer, now head of Sony's U.S. unit, handing the reins to a non-Japanese for the first time. Posted: Wed - June 1, 2005 at 10:39 AM WIR NewsStream by Piranha Daily News The Stream Previous Next |
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Total entries in this blog: 1561
Total entries in this category: 1561 Published On: Sep 13, 2005 07:21 PM |