Items tagged with Howard Stringer

You might recall that Sir Howard Stringer stepped aside as Sony CEO around this time last year, with Kazuo Hirai taking over that office. But in the shuffle, Stringer remaining on as a head honcho at the company -- notable, as Executive Chairman. Stringer has been a fixture of Sony for many years now, and while the company is arguably worse off now than it was when he stepped in, the video game and music industries as a whole have transformed in ways that no one could've seen coming. At any rate, it looks as if Stringer is set to detach himself from Sony entirely in the near future. He started... Read more...
Sony's new chief executive, Kazuo Hirai, has a monumental task in front of him. He's been charged with reversing Sony's years of losses, even as problems continue to pile up in the wake of ex-CEO Howard Stringer's departure. The road back to profitability got even steeper today, with news that Standard and Poor's has slashed its long-term rating on Sony's credit to BBB+ -- two steps above junk bond status. While this has no impact on the company's existing financials, it means any future loans or financial terms Sony negotiates will likely carry higher interest rates and steeper penalties for missed... Read more...