Sony CEO Howard Stringer got a grilling at his company’s shareholder meeting Tuesday.
After the Tokyo-based electronics behemoth reported its third consecutive year of losses and the seventh straight year of losses for the television division, shareholders reportedly spoke up to complain about declines in the share price.
According to The Wall Street Journal, shareholders grumbled that the company’s share price has fallen about 29 percent since Japan's March earthquake and tsunami. One shareholder in particular blamed the losses on the fallout from the hacker attacks on the company’s PlayStation Network this spring.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in