Sony Corp boss may have stronger hand in deciding Lack's future
According to HitsDailyDouble, Sony Corp's Howard Stringer has sole authority to appoint the SonyBMG CEO until 2009, and Andy Lack's contract is up for renewal in March.…
Sony Corp
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More SonyBMG gossip
The Wall Street Journal reports Sony Corp boss Howard Stringer is prepared to remove Andy Lack from the top job at SonyBMG, though other reports suggest Lack could move to a senior role elsewhere in Sony.…
Could BMG man be kicked out to save Lack?
US gossip suggests SonyBMG boss Andy Lack could be ousted over the rootkit copy-protection fiasco, while others say COO Michael Smellie should take the blame, amid wider boardroom tensions.…
Bertelsmann booms while its record company struggles
Bertelsmann reports net income three times last year's level and revenues up 12%, while its music division BMG struggles since merging with Sony.…
SonyBMG posts losses of $60 million for third quarter
SonyBMG posted a $60 million loss for the quarter to September, while parent Sony Corp’s net profit fell 46% year on year.…
More rumours over SonyBMG chief Andy Lack’s future
Gossip suggests SonyBMG chief Andy Lack will be pushed out amid boardroom tensions, with Sony Corp and Bertelsmann reportedly in talks over a solution.…
More SonyBMG Lack rumours
Rumours suggest Andy Lack may be out of his SonyBMG post by year end, with Rolf Schmidt-Holtz possibly becoming chief executive, though no senior label figure has backed him publicly.…
Sony chief defends SonyBMG boss Lack
Sony Corp chief Howard Stringer has defended Andy Lack, saying he executed the Sony-BMG merger brilliantly, as US reports allege BMG executives have grievances against him.…
BMG execs want Lack out of SonyBMG top job
According to the New York Times, Bertelsmann-appointed SonyBMG board members want Andy Lack removed, with his contract renewal under threat amid political tensions.…
Sony to cut 10,000 jobs at electronics arm under Howard Stringer
Sony Corp plans to axe around 10,000 jobs, about 7% of its workforce, as new boss Howard Stringer seeks to turn round the electronics group.…
Sony cuts profit projections after poor first quarter
Sony has slashed its annual profit projection by 81% after a first-quarter loss, with its electronics division the main drag, a week after SonyBMG's payola admission.…
Stringer confirmed as Sony Corp boss
Sony Corp shareholders have formally approved Howard Stringer as group CEO, having previously run Sony US and overseen the SonyBMG merger.…