Sony Team Leader Stringer Takes Pay Cut

Sony team leader Howard Stringer took a 16% pay cut final year, the wiring and media hulk voiced at a shareholder discussion on Tuesday.

His income and bonuses fell to 345m yen (2.7m) - a tumble from 408m yen a year earlier.

The mercantile year, that finished on 31 March, is Sony's third year of losses.

The firm is still recuperating from the damage to its factories, strike by the new trembler and tsunami, and from a array of safety breaches.

Speaking at Sony's annual discussion in a Tokyo hotel, Mr Stringer praised PlayStation network gamers for forthcoming back after the hacking attacks.

He mentioned that up to 90% of subscribers have remained constant to the network.

Despite the arch executive's reparation is to hacks, a few shareholders appeared frustrated, with one person asking for Mr Stringer to step down.

The information breaches have done the company's batch cost slip by 30% this year.

Hacker organisation Lulz Security claimed shortcoming is to attacks.

But Mr Stringer seemed certain about the firm's future.

"Our brand perception, you'll be cheerful to know, is evidently enhancing again," he said.

"My leading shortcoming to the house and all of you is to serve allege the mutation process, resolutely settle Sony's location as a universal product, calm and service leader in the networked digital period and make sure our one after another growth and growth," he added.

According to the company's estimates, the attacks will cost it 14bn yen (108m) in increased patron encouragement costs, welcome-back packages, authorised fees, descend sales and measures to intensify security.