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[Canis lupus]

Sony Corp. (6758) Chief Executive Officer Kazuo Hirai received 153 million yen ($1.6 million) in annual compensation as the Japanese electronics maker returned to its first profit in five years.

That’s 74 percent higher than the 88 million yen he received for the previous fiscal year, when he served as an executive deputy president, according to a company filing today with Japan’s Finance Ministry. Former Vice Chairman Ryoji Chubachi, who retired last week, received 194 million yen including retirement funds, the filing shows.

Compensation for Hirai, 52, was lower than the 184 million yen earned by Toyota Motor Corp. (7203) President Akio Toyoda, who led led a profit revival since taking control in June 2009. While leading the maker of PlayStation 4 video-game consoles and Bravia televisions to report a net income, Hirai gave up his bonus for the year ended in March as the main electronics operation remained unprofitable.

Hirai pledged to shareholders last week he will take bolder measures to revive the electronics maker, which is losing money in TVs and smartphones. “We expect our smartphone operation will improve earnings,” he said. “Making the TV unit profitable is a goal that must be met. We will accelerate expansion in emerging markets and new businesses.”

Sony gained 1.7 percent to close at 2,035 yen in Tokyo trading today. The stock is up 8.4 percent since Third Point LLC founder Daniel Loeb proposed an initial public offering of the company’s music and movie assets last month. The broader Topix index is down 11 percent in the same period.

http://www.bloomberg.com/news/2013-...6-million-as-ps4-maker-returns-to-profit.html

 

[shinobi602]

 

[Aquamarine]

Way to go, Kaz!

I have faith that you'll continue to make Sony flourish.

 

[LiquidMetal14]

Kaz, he deserves some praise for this.

 

[V_Arnold]

Now he wont need another job for buying those launch PS4's!

 

[artist]

It's time for Kaz gifs with money.

 

[Andrefpvs]

That is a lot of money.

 

[w1gglyjones]

Sounds like a questionable bonus considering how they posted that profit, considering that he turned down his previous bonus.

 

[Napalm_Frank]

 

[strikeselect]

PS4 new feature announced: Money Printing™

 

[StuBurns]

He's hit XBO's target demographic.

 

[batman2million]

It's time for Kaz gifs with money.

This shouldn't have to be mentioned. It should've happened already!

 

[Stealth_Cobra]

1.6 Millions in raise.. That's alot of 599 US dollars right ?

 

[The Boat]

That's a lot of dough.

 

[TouchMyBox]

Does this mean that Sony is no longer considered an "unhealthy" company?

 

[FalsettoVibe]

Way to go Kaz!!! Now make the Honami i1 awesome please.

 

[hidys]

I guess this means plenty more gifs.

 

[DarkLordMalik]

Deserves all the money!

 

[ReaperXL7]

Go Go PS4! Im sure their are other things causing this return to profit, but things are looking positive for the PS4 so far.

It would be a good thing to get a stronger Sony out of all of this, and Kaz seems to be doing a solid job so far since his promotion. It will be interesting to see how things go for them over the next couple of years.

 

[hayguyz]

less than notch

 

[ComputerMKII]

How much does Steve Ballmer earn?

 

[aaaaaa]

That is not an unreasonable amount.

 

[spats]

Those Rolexes and Cartiers aren't going to fund themselves.

Seriously though, Kaz seems like he's very fit to steer Sony in the right direction. All the best to him.

 

[nubbe]

Their new phones are great, now console is great, cameras are great

return of the king

 

[sflufan]

That is a lot of money.

By major corporation CEO standards, it's chump change.

 

[injurai]

That is a lot of money.

heh, it's an empire. There are not-for-profits where the CEOs make more.

he deserves it, and its really not that much.

 

[Face it Tiger..]

Most of the profit was from selling its buildings, relax yourselves.

 

[Aquamarine]

How much does Steve Ballmer earn?

Last year, he was only paid $1.3 million.

Kaz > Ballmer confirmed?

 

[harSon]

Does this mean that Sony is no longer considered an "unhealthy" company?

As long as they have more real estate to sell off, then nope.

 

[chadskin]

Very happy to see Sony slowly getting back on track. Next TV will be a Sony for sure.

 

[StuBurns]

Last year, he was only paid $1.3 million.

Kaz > Ballmer confirmed?

Paid, yeah, but what did he bank in stock options?

 

[Kyoufu]

He should use that money to buy Atlus.

 

[darkwing]

Their new phones are great, now console is great, cameras are great

return of the king

dat Z Ultra!!! I love my RX100 so good

 

[Az]

See, Liberal Arts degrees are not a waste.

 

[Aquamarine]

Paid, yeah, but what did he bank in stock options?

Ballmer has voluntarily opted out of any Microsoft stock awards for the past two years.

 

[sflufan]

Most of the profit was from selling its buildings, relax yourselves.

Exactly!

To determine Sony's health, don't look at their net income but rather look at their operating income.

 

[Killah]

Way to go Kaz!!! Now make the Honami i1 awesome please.

Hoping this will be my next phone. Been due for an upgrade since March.

Hope it doesn't disappoint

 

[lemonade]

Haha not a lot at all. He deserved every penny

 

[Damon Bennet]

I really, really like Sony as a tech company. I wish them the very bestm, I was really worried, they'd become one of those legendary companies that didn't manage to keep up with the times. But looks like Kaz did just right! Way to go!

 

[Chakan]

He actually deserves this. GJ Kaz.

 

[Kajiba]

Why just why.

This is as scary as the Denzel kaz gif.

 

[MikeE21286]

Honestly some shocking news.

Didn't think Sony would be returning to profit so quickly.

Good to hear. Feels like the early 2000s again lol.

 

[Salaadin]

Good job, Kaz!

 

[Felix Lighter]

I know virtually nothing about business. Is this an indication that Sony has turned a corner?

 

[StuBurns]

Ballmer has voluntarily opted out of any Microsoft stock awards for the past two years.

Crazy. He's a good corporate solider, I shouldn't have doubted.

 

[offshore]

If I had a pound for every time a Sony exec promised to get their TV business in order, I would be living in the Seychelles right about now.

 

[sflufan]

Didn't think Sony would be returning to profit so quickly.

It's pretty damned easy to return to "profit" when you offload real estate assets that have absolutely nothing to do with your core business operations.

But that's a one-shot deal.

 

[strikeselect]

I really, really like Sony as a tech company. I wish them the very bestm, I was really worried, they'd become one of those legendary companies that didn't manage to keep up with the times. But looks like Kaz did just right! Way to go!

I just want an excuse to post this GIF.

 

[Kenshin001]

Just wait til they start charging for online play. Kaz is going to be rolling in a bed of cash.

 

[ShinobiFist]

Their new phones are great, now console is great, cameras are great

return of the king

That smartphone, and especially those DSLR camera are no joke. Good going SONY.