Sony executives give up bonuses for second year running following unprofitable year in electronics

Sony executives will give up their bonuses for the second year running following an unprofitable year in its electronics business, Bloomberg reports.

Management will forgo bonuses worth 30 to 50 percent of their annual pay for the year ended in March; however, it is not known the exact amount being reduced.

According to a Sony spokesperson, roughly 40 executives will return bonuses scheduled to be paid out following a general shareholders meeting this June. The decision was proposed by Sony CEO Kaz Hirai and later backed by the Sony board.

Last week Sony revised its fiscal-year forecast, doubling its forecast for the fiscal year ending March 2013. According to the company, the revision is the result of the depreciation of yen and revenue obtained through asset sales. Sony has, however, stumbled from losses in the TV and mobile phone business.

More from Polygon

Hearthstone - Plague Quarter gameplay video

  • A guided video tour of an Unreal Tournament map

  • Freedom Planet gameplay video

  • Adventure Time trailer

  • Hearthstone: Naxxramas Overview

Latest Discussions

Log In Sign Up

Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.



Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.