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More bad news for sony

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mothman said:
_crazy_man_ said:
mothman said:
radishhead said:
Iwata took a 50% pay cut recently and Nintendo isn't in "going bust" levels of trouble - I'm not sure if it is as big a deal for a Japanese CEO to take a significant pay cut as it might be for an American one


That's because an American CEO would simply fire a bunch of employees and cut benefits for the rest. It's a greed vs honour thing

Except they have been laying off quite a number of employes before this happened.

I remember the 10,000 that were layed off in 2012.

286 were layed off from shutting down a HQ in California as well as some Sony Interactive peeps 2 months ago.

1,000 are planned to be layed off by the end of this year in the US from the closing of 20 Sony Electronic stores.

Another 5,000 in this year from thier exit from the PC industry and rearrangement of the TV divison.

Sometimes that has to happen but I've never heard of a North American executive ever taking a pay cut or turning down a bonus because the company they work for isn't doing well.

I listed several examples earlier in the thread.

Though if you'd like another couple.

http://www.huffingtonpost.com/2012/03/07/sergio-marchionne-chrysler-ceo_n_1327570.html

http://blog.mlive.com/flintjournal/newsnow/2008/01/citizens_bank_ceo_turns_down_b.html



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Asian firms plan for long-term solutions, sometimes up to 20(!) years of business waypoints. That's why firing the top guy isn't always something worth doing for the good of the company, especially with a dynamic company like Nintendo or Sony. The CEO is fully immersed in the 'long-term' plan, doing his/her best to get the ball rolling and keep it on the track. Compare this to American companies and general American philosophy, where we have no patience and don't usually plan out more than two or three years, IF THAT. If Apple were responsible for Wii U, no doubt it would have been killed off and Cook with it.

The recession threw off forecasting for a bit, and more than that, redefined the market along with the high adoption of new technology and faster upgrade rates. Consumers google before they buy; and the ones who don't will not buy Sony TVs because of the price alone. What's interesting is that the failure of Wii U on the Nintendo side of things helps to prove that companies really do need to feed you and persuade you that you NEED their product. The Wii U has the most diverse lineup of games, but almost nobody knows about it and assumes that it's just like the Wii: casual, underpowered, and devoid of games like Assassin's Creed.

Sony's issue is coming out with premium products that don't provide a positive return on investment. Look at the PS3, and how they were losing hundreds on each console. TVs are overpriced, but even then barely, if at all cover the production costs. PS4 is the same way, but instead of losing hundreds, it's a few 20s worth. The PS4 has sold faster than the Wii did, but they actually LOST money. What kind of intelligence is that? Yamauchi for the past 60 years nailed the philosophy of making inexpensive products that offer valuable experiences. Sony had it down for PS1 and PS2, especially on the software side. Now? Everybody's in trouble.

The last thing I want is Microsoft dictating everything I can play.



Serious_frusting said:
Hurry up and get rid of the PC crap and do something about those tvs. They are a huge money sink for Sony.

I have a Sony TV since 2009/2010, but I agree with you!



                
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I really hope Sony can recover.



They need to optimize their TV production hard, lot of good brands undercut them noticeably in price while offering similar technologies.



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This isn't bad news. They should be fired instead of taking pay cuts.



AZWification said:
Serious_frusting said:
Hurry up and get rid of the PC crap and do something about those tvs. They are a huge money sink for Sony.

I have a Sony TV since 2009/2010, but I agree with you!


I adore my Bravia screens. I do believe they are the best. It was worth the premium but not everyone has money to waist on a slightly clearer screen when they can get something decent enough from samsung and co for 30% less money and sometimes the gap in price can be bigger tha that



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