Sony's top executives to return bonuses
May 13 2014
About 40 executives involved with the electronics and headquarters operations will give up amounts equivalent to 30-35% of their annual pay as proposed by Chief Executive Kazuo Hirai, the daily said.
The bonuses to be handed back could reach as much as 1 billion yen ($9.8 million), the Nikkei reported.
Sony will report on Wednesday results for the year ended March 31.
The company will also put on hold commercial development of OLED (organic-light emitting diode) television and focus on the 4K ultra high-definition LCD TVs to bring its TV business back to profitability, the daily said in a separate report.
Sony said in February it would spin off its TV operations into a separate business and sell its Vaio personal computer division as part of a broad restructuring.