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It was a surprise when Sony named a non-Japanese and a non-engineer, Howard Stringer, as Chairman/CEO in 2005. Then Stringer took on the president’s job in 2009 after ousting Ryoji Chubachi. Now Bloomberg is reporting on private talk that the global corporation “plans to look for a new president who could eventually succeed Stringer, people familiar with the matter said… Installing a president would give Stringer, who turns 69 in February, a deputy to lighten his work and travel load and offer the designee a chance to prove their mettle as Sony sets its long-term plans. Kazuo Hirai [49, who spearheads Sony's games business] and Hiroshi Yoshioka [who's in charge of TVs, cameras, and chips], two of the company’s so-called Four Musketeers, may be considered, one of the people said.” Stringer said last year he wanted to remain on the job until Sony completes its business plan ending in March 2013.
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Ben Silverman?
Yea, it’s going to be Kaz. He’s got the Western polish, CFO Kato is his guy, and he can be a great micromanager when needed.
It will be interesting to see who buys Sony Pictures when Howard Stringer steps down. The smart money is on Time Warner or News Corp.
Yes I agree. Also, this is the end of Columbia Pictures. Sony has no interest in owning a movie studio after Stringer exits. Sony Playstation generates 4 times more profit. Columbia is the least profitable division for them. Look for Sony to sell Columbia after Stringer leaves.
Maybe that Apple rumor is true. Although maybe Apple just wants the movie division for content since the electronics division is no match for Apple.
I remember when I bought Sony products.
Now, it’s the company with three to seven awkward logos and taglines on the ends of their spots.
Sony is a company with no synergy among the divisions. The ugly, awkward logos and taglines are Stringer’s doing. This company really needs someone with a strong foresight.
Also, instead of wasting so much time and energy developing the useless blew-ray format, they should have been concentrating on how to make digital a reality.
Sony, always a day late and a dollar short…
Howard has done a terrific job for Sony. They chose wisely, and they will again.
Seriously Anita, Sony stock is down 50% since Stringer took over. Terrific job! Methinks you’ve been hiding out in that nunnery for way too long now.
Sony drastically needs a change. It used to be the company that everyone thought of as the leader of electronics and technology. It used to be seen as hip and cool. It used to be that when you wanted to buy a solid good product, the name Sony on a product meant something. Now, it is none of these things.
Sony seems stuck in the 1980s. Do any young people, consumers of today and tomorrow, look at Sony as cool or hip? No, they don’t. Even the design aesthetics of their products seems dated.
Sony never should have made Stringer chairman in the first place. He is just too old and too out of touch.
Sony’s slogan should be “Sony-You’re grandfather’s source for electronics”
Another insider who hasn’t a clue. This company has had their lunch eaten by new media, Apple, etc. The fat cats at the top made off like kings, and the little ole stock holders have been raped.
When will President Hussein come and look at the inside deals of Hollywood? I gather soon, being that he and his socialist friends are all against big business, there is no better place to start then the studios, the agencies and the networks to find insider greed and malfeasance. You Hollywood leftists make Madoff and the rest look like child’s play. Your day is coming for sure.
What are you babbling about? You started off talking about Sony and then veered right into Looney Tune Land. Then again you think a guy who bends over backwards to help Wall Street is a bomb-throwing radical, so reasoning with you is probably pointless.
Wall Street? You mean the place that created and financed Hollywood? Don’t bite the hand that feeds you, I know all you leftists think that some magical power creates wealth and prosperity. It all starts and comes from Wall Street. Now shut your face and give more of your pay check to the government, you trust them to do everything so give more!
as usual with your types, you don’t really know your history. wall st did not create and finance hollywood. it is pumping money into hollywood for now, yes, because they think it’s a good investment, but it did not ‘create’ it or finance it’s inception. those businesses were small businesses that grew big on success organically. if people like you would check your facts before you spread misinformation, perhaps then the country wouldn’t be in such a big mess.
“Howard has done a terrific job for Sony. They chose wisely…”
One of the dumbest comments in the history of DH.
Sony would be much better off w/ a cooperation (not competition) strategy. Instead of trying to own media properties, it should get CREATIVE and cut deals with the billion dollar media powerhouses to gain access to WIDE variety of content for its electronic devices. Sony should:
1. Trade its Spiderman rights (perpetuity movie ownership, 50% ownership in Spiderman merchandise, and rights to future/past movies) to Disney for no or low cost access to Disney’s movie/television properties.
2. Trade its international media assets to Comcast/NBCU for low cost access to NBCU movie/television properties. (NBCU is always looking to expand abroad so they would want those properties to rebrand.)
3. Trade its ownership rights in the Game Show Network, FEARnet, and its full ownership rights in the Sony Movie Channel and Sony Pictures Animation to Time Warner for most favorite nation status access to TWX’s movie/television properties.
4. Trade Sony Pictures Television Group (and its included content ie Damages, King of Queens, Breaking Bad, etc) to Epix for access to all Lionsgate, Paramount and MGM film libraries.
5. Sell the Columbia library to New Corp (at a reduced price) to have access to all 20th Century Fox library properties.
Dividing up its media properties would actually allow Sony to compete with ITunes in terms of possessing content to power sales of electronic devices. Sony should also sell Sony Financial to get some cash to reinvest in to research and development to better compete with Apple and Samsung.
Stringer’s fascination with being Hollywood/media player has hurt Sony core business – consumer electronic technology innovation.