Sony CEO Kaz Hirai has proposed that the company's executives give up their annual bonuses after a string of poor financial reports.
According to Bloomberg, which spoke to representatives from Sony Japan, Hirai has the full backing of the board. As a result, around 40 Sony executives will forego their bonuses, the second straight year in which the company's top brass has made that sacrifice.
Last week, Sony revised its fiscal-year forecast, doubling its profit expectations to ¥40 billion ($403m / £261m). This is a vast improvement over the ¥455 million loss from the previous fiscal year, but that progress has been hard won.
Since then, Sony has sold a number of major assets, including huge office buildings in America and Japan and more than $1 billion in M3 shares.