Items tagged with Kaz Hirai
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...