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Forums - Sony Discussion - More bad news for sony

oldschoolfool said:
Kasz216 said:
oldschoolfool said:
Kasz216 said:
Well in general financial related news usually seems to lag a couple days, plus with the coming results being soon, people who saw it probably didn't see the need.


when are the results coming? haven't been on interwebnets in awhile. I did'nt know that.


The 14th.

thanks man,it'll be interesting 2 see. 


As another example, while the Sony selling Square Enix stock was posted here... I don't think anyone ever posted the reason why that came out later

http://www.ign.com/articles/2014/05/13/why-sony-sold-all-its-square-enix-shares-revealed

"Back in 2001, Square Enix had financial problems and Sony bought our stocks," he explained. "Now, the situation is reversed. Since then, we have had good support from our customers for our products, so Square Enix is back on its legs.

“But Sony has declined. The presidents of both companies had negotiation and resulted as everyone knew. We did not have argument. Since Sony once helped us, it was time we helped Sony back.”



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There is no "bad" news on this site.. only "doomed"



 

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!) 

kowenicki said:
deskpro2k3 said:

More CEO's need to do this instead of  getting a government bailout.

They arent really comparable are they, but anyway...

Sony (and all Japanese exporters) have had huge help from the state, direct and indirect.


I'll say.  The Japanese Government's corporate favortism makes the UK look laiszze fair in comarison.

There is a reason why the Japanese have a specific term for when government officials retire and get gigantic corproate contracts.

Amakudari.

 

http://thediplomat.com/2011/05/the-problem-with-amakudari/



kowenicki said:
deskpro2k3 said:
kowenicki said:

They arent really comparable are they, but anyway...

Sony (and all Japanese exporters) have had huge help from the state, direct and indirect.


I'm comparing the GM bailout.


As I said.  Not comparable.

 

You said not really though, but I still think you're wrong. I'll end it as that.



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squibbfire said:
Lol this isnt bad news for sony its bad news for high paid sony bigwigs...

Good news for us. Sony is getting serious!!!


I thought they was serious four years ago.



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This is where it's gets a little tricky. Sony can't sell their Playstation brand because it's their money maker. Sony keeps the Playstation brand and goes bankrupt they'll lose it.



deskpro2k3 said:
kowenicki said:
deskpro2k3 said:

More CEO's need to do this instead of  getting a government bailout.

They arent really comparable are they, but anyway...

Sony (and all Japanese exporters) have had huge help from the state, direct and indirect.


I'm comparing the GM bailout.

Even if you only want to count direct government bailouts... Japan has had plenty of those.

 

http://www.ntd.tv/en/news/business/20140430/135267-fukushima-operator-books-43-bn-profit-on-bailout-rate-hike.html

http://in.reuters.com/article/2014/04/01/japan-nuclear-bailout-idINDEEA3006N20140401

 



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


More or less this, Japan is a completely different society than US and most European countries and the employees and CEO's actually have some personal vested interest and pride in their company and workplace in many cases. It is a lot more common is the West to employ leaders who are stern and efficient, first and foremost, but who often have little to no insight in the specifics of the company's production output and/or services, all about the bottom line.

Regarding government bailout's; Japan has seen a decrease of over 50% in export over the course of 7-8 years... the government has stepped in several times to prevent behemoths from going under, and they will do so again, this is where the differences between East and West are the smallest by far; it is in the nation's best interest to help revitalize companies that provide tax income and a lot of jobs for the population, stimulus package 101.



celador said:
The bad news is their losses which we already knew about. The top brass getting pay cuts is not bad news, it's well deserved for their complete failure thus far in turning the company around


this is wat i think! although it took to long for them to do!



kowenicki said:
PigPen said:
This is where it's gets a little tricky. Sony can't sell their Playstation brand because it's their money maker. Sony keep the Playstation brand and goes bankrupt they'll lose it.


It isnt their money maker.


You're right, they are taking pay cuts.