Sony CEO Howard Stringer faced criticism of his leadership after the consumer electronics giant revealed a second massive security breach.
Sony said it would promote Kazuo Hirai as the head of the company’s biggest division, a realignment that signals he could be a successor to the CEO.
No image available
/ 19 February 2008
Japan’s Toshiba conceded defeat on Tuesday to rival Sony in a long-running DVD format war, ending consumer confusion but leaving about one million people with expensive machines doomed to become obsolete. Toshiba said it will stop selling its HD DVD machines by the end of March.