Sony CEO Kazuo Hirai More Than Doubles Annual Pay to $4.9 Million

ASSOCIATED PRESS
Sony CEO Kaz Hirai

Senior Sony executives took bonuses this year for the first time since the company's poor financial results in 2011.

Sony Corp. CEO Kazuo Hirai's total pay for the latest fiscal year amounted to $4.9 million, more than double the previous year, including a bonus of $2.8 million, his first in five years.

Hirai's base salary rose about 10 percent in yen terms to ¥219 million ($2.1 million), though the stronger Japanese currency gave his pay a boost. Hirai, who divides his time between the U.S. and Japan, is paid in dollars. 

Hirai was also given stock options worth around $556,000 (¥58 million), compared to options worth around $950,000 last year.

CFO Kenichiro Yoshida, tipped by some as Hirai's likely successor, was paid ¥147 million ($1.4 million) including his bonus, which doubled his take-home pay. He also received options worth about ¥35 million ($333,000).

Sony executives haven't been awarded bonuses since 2011, when the Japanese conglomerate posted a major loss. But the company has been back in the black for two years now. 

Sony's annual shareholders meeting was held on Friday morning before the pay was filed with Japanese authorities as part of Sony Corp.'s financial disclosure.  

 

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