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Kaz Hirai earns $1.6 Million as Sony returns to profit

[QUOTE="God's Beard!";66666201]It's not his job to make sure people are employed. It's his job to make his company profitable. He did that.[/QUOTE]

Lol.

Extreme capitalism FTW!

You gotta love the one track mind of some people here.
 

hayguyz

Banned
not much compared to other execs in other businesses, i know Liveris makes almost $20 million a year

e:thats total comp, not salary
 

Gadirok

Member
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.

Big question is if he can get all the divisions to work together and post a profit for the next fiscal year without offloading anything.
 

Drake

Member
tumblr_mjz0p7fLPv1s75pozo1_400.gif
 

massoluk

Banned
Yeah, that building deal sounds awfully like shady way to cook the book. Still boggle my mind why the proceed went to operating income.
 

Calamari41

41 > 38
Very interesting to see the difference in reactions to this news compared to the thread about Bobby Kotick's bonus from a couple of months ago.
 
[QUOTE="God's Beard!";66666201]It's not his job to make sure people are employed. It's his job to make his company profitable. He did that.[/QUOTE]

No, but perhaps from an outsider's point of view, one might imagine that being kicked out of work, then seeing those who dismissed you taking such a figure in the next breath would feel very much a kick in the teeth - some will be fine with that, but others may sympathise more with those who suffered for that cause. Especially if they've been there themselves. They're well within their rights to share those sentiments. I get that some will say "Businesses don't have morals, certain responsibilities, etc.", but that isn't true for all people, let alone all businesses. It is my belief that he isn't a God. I don't apologise for that. You're welcome to disagree. I'll leave it there.
 

diffusionx

Gold Member
Lol.

Extreme capitalism FTW!

You gotta love the one track mind of some people here.

If Sony goes out of business or falls apart, then a LOT more than 10,000 people lose their job.

I'm a liberal guy but companies need to make profits to stay in business. I don't think anybody who follows Sony would say that they were on a sustainable path.
 

Dunlop

Member
Very interesting to see the difference in reactions to this news compared to the thread about Bobby Kotick's bonus from a couple of months ago.
Lol so true.

He's making good moves, I'll reserve judgement until next year when they are not riding of a real estate deal
 

DaBoss

Member
Very interesting to see the difference in reactions to this news compared to the thread about Bobby Kotick's bonus from a couple of months ago.

I'd like to think that people are more happy about Sony returning to profit, though there are some things to consider with that.
 

sflufan

Banned
No, all the money they got was reinvested in other areas, so those selling didn't affect the profits.

Yes, selling off those assets DID affect the profits because they were sold for a higher value than the value that was recorded on Sony's books. That's called selling at a profit which is reported on Sony's income statement.

The reinvestment of the proceeds from the sale in other areas does NOT impact the profits. The reinvestment is recorded on the balance sheet as assets.
 
I really hope Sony goes back to profit. The company deserves it ! they made a lot of good moves in the past couple of years. It's no Sony from 2005 that's for sure !

And Kaz, very lovable CO !
 
Profit, finally. A word that was deleted out of the Krazy Ken dictionary circa 2005.

Hopefully Sony has more buildings to sell in time for next year's bonus ;-)

"Hopefully Sony has many PS4s to sell in time for next year's bonus ;-)"

*FIXED


Overall, I have to say, thats not as much money as I thought he would get paid. Other CEOs get paid way more. I rate, EVEN Don Mattrick gets paid more to be a goof and, who knows, maybe Major Nelson gets paid a pretty penny to pretend to not be a MS suit.
 
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