Howard Stringer the well known President and CEO of Sony is backed into the corner with an industry taking shots at him for the companies recent failures regarding data losses. A former Sony shareholder has said: "The leadership of Sony is not in a good place right now, which could lead to Stringer stepping down and may sabotage Hirai's chances of succeeding as the CEO". Things are not looking so good for the company right now with more to read below!

The way Sony handled the whole thing goes to show that it lacks the ability to manage crises, The current CEO should step down after the hacker problems and the company's failure to push out products that are competitive.
Investors said Sony and 69-year-old chief executive Stringer had botched the data security crisis, a further blow for the company which has struggled to match recent hit products from rivals including Nintendo, Samsung Electronics and Apple Inc.
Sony recently declined to testify in person in front of a United States congressional hearing but has agreed to respond to questions in a letter related to how consumers private data is protected by businesses. This may have an effect on consumer and investor confidence with the company failing to subject itself to further scrutiny.

Updated: Sony declined to testify because their internal investigation is still ongoing

http://www.maxconsole.net/content.php?45826-Sony-under-fire-Investors-launch-scathing-attacks!

Posted: May 03, 2011 7:01 pm