News: Sony's top executives to return bonuses: Reports

Compensation & Benefits

Sony's top executives to return bonuses: Reports

Sony Corp’s top executives will return their annual bonuses as the company’s electronics business struggles with losses, the Nikkei reported. About 40 executives involved with the electronics and headquarters operations will give up amounts equivalent to 30-35 percent of their annual pay as proposed by Chief Executive Kazuo Hirai, the daily said. The bonuses to be handed back could reach as much as 1 billion yen ($9.8 million), the Nikkei reported.

Sony Corp’s top executives will return their annual bonuses as the company’s electronics business struggles with losses, the Nikkei reported. About 40 executives involved with the electronics and headquarters operations will give up amounts equivalent to 30-35 percent of their annual pay as proposed by Chief Executive Kazuo Hirai, the daily said. The bonuses to be handed back could reach as much as 1 billion yen ($9.8 million), the Nikkei reported.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #Trends, #Corporate, #TotalRewards

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