Sony CEO Kazuo Hirai’s Annual Pay More Than Doubled to $4.9 Million

TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million set by former Sony CEO Howard Stringer in March of 2010 — the first time Sony was compelled to disclose top executive pay.

The raise was prompted by Sony’s return to profit for the first time in three years following a long, painful period of restructuring that resulted in thousands of job losses and Sony’s exit from the PC and other money-losing businesses.

Also receiving more than JPY1 billion ($960,000) in compensation were Sony CFO Kenichiro Yoshida, who is widely credited as a key player in the company’s turnaround, and Executive Deputy President Tomoyuki Suzuki, who is in charge of Sony’s key devices and semiconductor businesses.

More Biz

  • Jack Ma Alibaba

    Alibaba Looking at Expansion in Advertising, Media Sectors

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    TOKYO — Sony CEO Kazuo Hirai received a big raise to $4.9 million for the fiscal year ending on March 31, 2016, according to a securities filing to Japanese authorities. Minus stock options but including performance-based pay, this amount is 2.5 times his previous year’s compensation and beats the previous company record of $4.6 million […]

More From Our Brands

Access exclusive content