real-time news and commentary for investors
Friday, Sep 20
Sony plans to make changes with entertainment business
- Sony (SNE) CEO Kazauo Hirai says the company benefited from the effort by Third Point to spur a spinoff of the company's entertainment business.
- Though still adamant the company should stay intact, the exec admits profit margins should be higher and sees changes for Sony's entertainment arm.
- Many of Hirai's points mirror the criticism Loeb aimed at the company earlier this year.