Now that Sony Corp has spelled out a plan to revive profits at the struggling electronics and entertainment conglomerate, Chief Executive Howard Stringer says his next battle is convincing sceptical investors it will work.
The restructuring, announced last week in Tokyo, calls for Sony to cut 10,000 jobs, sell off more than $1 billion worth of assets, and downsize or dispose of weak links in the money-losing electronics division.
"We need to convince investors that we are going to execute on these targets and take them very seriously," Stringer told a press briefing on Friday.