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At Sony, Share Slide Underscores Test for CEO

Published on November 15, 2012
by Daisuke Wakabayashi

Sony Corp.’s stock price hit a 32-year low Thursday after falling nearly 9 percent, underscoring the test facing the company’s new chief executive, Kazuo Hirai.

The shares’ decline, along with threats of a possible debt downgrade to “junk” status, show the urgency for Mr. Hirai to deliver proof soon that the restructuring measures he engineered are taking hold and a revamped product lineup can reclaim its hit-making magic.

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