Shareholders of Sony Corp have approved a new management structure at the top of the group which will see Chief Executive Howard Stringer controlling the company with support by a small team of "younger executives". Well, they're in their forties while Stringer, of course, is in his sixties. It's also been confirmed that Masao Morita, son of Sony co-founder Akio Morita, will head up the conglom's music and film operations in home country Japan. Stringer reportedly told his shareholders the recently struggling entertainment and electronics giant is now on track to turn round its fortunes after a massive restructure that has resulting in $3.1 billion cost savings this year.
Jun 22, 2009
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1 min read
Sony Corp top team rejig
Sony Corp shareholders have approved a new top management structure, with Masao Morita to head music and film operations in Japan.