Sony Executives Give Up Bonuses After Loss at Electronics Unit

Sony executives will give up their bonuses after its main electronics business was unprofitable for a second straight year. The board backed a proposal from Chief Executive Officer Kazuo Hirai that management forgo bonuses worth 30 percent to 50 percent of their annual pay in the year ended March, Mami Imada, a Tokyo-based spokeswoman said by phone today.

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Sony executives will give up their bonuses after its main electronics business was unprofitable for a second straight year. The board backed a proposal from Chief Executive Officer Kazuo Hirai that management forgo bonuses worth 30 percent to 50 percent of their annual pay in the year ended March, Mami Imada, a Tokyo-based spokeswoman said by phone today.

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