World Business
Sony CEO wields axe, sets turnaround targets
April 12, 2012
TOKYO (Reuters) – Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in 8 years.The Sony veteran, in his first public briefing as CEO, also targeted new business in medical equipment and electric car batteries, and set a target f