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Sony’s CEO, Executives Taking 50% Pay Cut, Losin

May 13, 2014, 09:48 AM

Ex-PlayStation chief and current CEO and President of Sony – Kaz Hirai – is preparing to take a 50 percent pay cut while declining his annual bonus, according to The Wall Street Journal. Other unnamed high-level Sony executives will follow suit in a sign of solidarity with their struggling company, which will post an annual loss for the fourth time in five years.

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