Sony's investors have little faith in Kaz Hirai anymore. Their ready to pull their shares.
http://www.bloomberg.com/news/2014-02-06/sony-ceo-credibility-takes-hit-with-1-1-billion-loss-forecast.html
Here are a few things their investors have said.
“Hirai has tried many things, and if those plans don’t work by next year, I’ll have to question his management,” said Naoki Fujiwara, a Tokyo-based chief fund manager at Shinkin Asset Management Co., which owns Sony shares, according to data compiled by Bloomberg. “It will be challenging for Hirai to take the company in the direction he wants to.”
“Investors don’t have much faith in Hirai,” said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management Co. in Tokyo. “He said reform was over but is that really so? There’s no growth strategy.”
“Hirai lacks aggressiveness,” said Hideki Yasuda, an analyst at Ace Research Institute in Tokyo. “Sony hasn’t created new demand like Apple did with the iPod and iPhone, and as Sony once did with the Walkman.”
Ouch!! Will Kaz be fired before the end of the year?
Log in to comment