Sony Corp. CEO Kazuo Hirai's Annual Pay Rises 74 Percent to $1.6 Million

1:59 AM PST 06/28/2013 by Georg Szalai

The conglomerate's boss also received stock options for 200,000 company shares as Sony returned to its first profit in five years.

Sony Corp. CEO Kazuo Hirai's compensation for the conglomerate's fiscal year ending March 31 amounted to $1.6 million (153 million yen), according to a regulatory filing.

He also received rights to acquire 200,000 Sony shares, but no bonus linked to business results.

STORY: Activist Investor Raises Sony Stake, Continues Push for Entertainment IPO

In the previous fiscal year, he made 88 million yen, making for a 74 percent gain in the latest year. In the previous year, Hirai also got stock options for 80,000 shares. The higher pay came as Sony returned to its first profit in five years.

Former Sony vice chairman Ryoji Chubachi, who retired last week, received $2 million (194 million yen) in the last fiscal year.

STORY: Sony Reports Equipment Sales to Iran, Possible Breach of Sanctions

Executive vp and general counsel Nicole Seligman, who also serves as president of Sony Corp. of America, was the third executive whose pay was listed. She earned $1.3 million (130 million yen) in the latest fiscal year, plus stock options for 30,000 shares.

Email: Georg.Szalai@thr.com

Twitter: @georgszalai

comments powered by Disqus