Sony's Stringer consolidates power
Update at 9:10 a.m. PST: Comments added from an Ovum analyst.
The top three executives at Sony soon will all be named Howard Stringer.
The Japanese electronics giant on Friday announced a management shake-up in which Stringer, who already is serving as chairman and CEO, will also take on the role of company president. In doing so, Stringer replaces Ryoji Chubachi, who will become vice chairman.
At a press conference in Japan, Stringer played up the efficiencies of his becoming president. "Why do we need another executive in between me and this group?" he said, according … Read more