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More bad news for sony

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Kasz216 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'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/

A fine example.



I'm not really here!

Link: Shipment History Since 1995


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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.



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.



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.



I'm not really here!

Link: Shipment History Since 1995


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

 



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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.



End of 2016 hardware sales:

Wii U: 15 million. PS4: 54 million. One: 30 million. 3DS: 64.8 million. PSVita: 15.2 million.

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.



Kasz216 said:

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

 


That is what I'm talking about. I have to give Kaz and his team credit for taking the necessary steps to avoid that.



DerNebel said:
Well, when Iwata and Co announced they'd do this it was seen as such a "honorable" and "respectable" thing to do so I guess this is the same.


no no no, this right here is another example of Sony copying Nintendo lol. Well if some people on the internet are to believed.