Monday, October 09, 2006

SONY LOOKING FOR ANOTHER CEO?

Sony Chairman Nobuyuki Idei said Monday that the next CEO of Sony would likely "be a Japanese, young generation, 40-45". That comment will no doubt lead some to believe that Welshman Howard Stringer, current CEO, who has presided over the lithium-ion battery recall fiasco and the current problem with PlayStation 3, could be in some trouble going forward. Even if one were to interpret such a comment as innocent, it would hardly be considered a vote of confidence for Stringer. Sony stock has dropped approximately 15% since August 15 as the bad news just keeps on coming.

Reuters

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