Chapter 1240 Bad Situation (4k)

Yoshihisa Ishida was elected CEO of Sony. Some people are happy and some are worried.

But it can be said that his appointment came from the collective appointment of shareholders, directors, and senior executives, and it was approved by the vote of all shareholders. It cannot be more legitimate in legal terms.

The Stringer era of Sony has completely come to an end. As the new head, Ishida accepted interviews with the media and responded positively to the questions from the outside world. He gave Sony's estimated loss of around US$8 billion and talked about the direction of reform. He believed that Sony should Only when the group loses weight and gathers strength can it start again.

However, the next day, Sony's stock price plummeted again, verifying the secondary market's sentiment towards the unknown new CEO.

Although Yoshihisa Ishida has the nickname "Sony's Four Musketeers", he is not well-known outside. Regarding this Sony extraordinary shareholders meeting, the picture may not include the low-key external director Fang Zhuoduo.

Such a person took office and personally determined the estimated huge losses. Although it was less than what Wiki revealed, it was not much less. The market was quite pessimistic.

The newly minted new CEO may not look good on his face, but his emotions are not something Fang Zhuo cares about.

On the morning of the second day of the Sony shareholders' meeting, Fang Zhuo met at the hotel with Yu Nakagawa, who cast the key vote at yesterday's meeting.

Yu Nakagawa is Sony's executive vice president, responsible for the semiconductor and electronic components business. At the same time, he is also the chairman and CEO of subsidiary Sony Sensors.

The current board of directors and management of Sony Sensor Company are mainly employees of the parent company, but they are also changing with the development of the Third Ice Core Factory in Shanghai.

Because CMOS sensors require in-depth cooperation in the manufacturing process, the R&D center and team in Shanghai are getting stronger and stronger, and these are the foundation of the sensor company.

Sony sensors also have production lines in Japan, but local technology is hampered by financial conditions and wafer manufacturing processes, and is no longer as advanced as that in Shanghai.

Fang Zhuo had met with Yu Nakagawa several times when he was in Shanghai, and they had also talked about their cooperation on sensors.

As he made it clear at the meeting, this is a model of technical cooperation between the two companies, so he also had a phone call with this person before flying to Tokyo to ensure that Sony's power struggle this time would not affect him.

After all, in addition to the CEO and CFO, there are 12 group executives who will be responsible for Sony's huge losses.

As for Nakagawa Yu's considerations in supporting his colleague Yoshihisa Ishida to take office, that is his own business.

Fang Zhuo's meeting with Yu Nakagawa did not involve any private exchanges. He did not have this power as an outside director. He just elaborated on the inevitability of further deepening of mutual technical cooperation.

Yu Nakagawa is in charge of semiconductors at Sony, which is not only the business of the sensor subsidiary, or in other words, except for the sensors, the others are also at a loss.

He strongly agrees with Mr. Fang’s view and believes that Yike, Bingxin and Sensor have reached a perfect cooperation, and if Sony mobile phones are also promoted in the future, it will be the most perfect win-win situation.

The meeting between the two did not last long, and they soon walked into the conference room with a reduced number of people to participate in the discussion of the new board of directors and high-level appointments.

Compared with yesterday, Fang Zhuo is more low-key today, and his appointment as an outside director and nomination committee has not made any waves.

Although he had a personal relationship with Stringer, Fangzhuo always kept a distance from Sony's internal affairs and even seriously resigned from this position when he was in New York.

Therefore, due to the characteristics of outside directors, the enthusiastic current CEO Yoshihisa Ishida does not have too many scruples. Sony's overseas shareholders also believe that it is a good choice for someone like Mr. Fang to have a seat.

Today's meeting was as intense as yesterday. Ishida needs more of his own people to take over, while Nakahata still wants to maintain influence. The authority of the former CEO is not high enough. For the future of Sony, it is inevitable that compromises are needed to unite the majority. .

Fang Zhuo watched coldly. The only thing that interested him was that Kazuo Hirai, who was far away in New York, was discussed in a nonchalant manner about the business scope. His position would remain unchanged, but the work in hand would be reduced.

Without being able to take over, Hirai will continue to lose power within Sony.

When it was almost over at noon, Fang Zhuo declined the lunch invitation and planned to stroll around with his friends.

"Mr. Fang, thank you for your advice." Yoshihisa Ishida remained humble even after becoming CEO. He caught up with Mr. Fang who was leaving and asked for his opinion, "Do you have any more ideas about Sony's future? "

"Reform is easier said than done. You have to take it one step at a time." Fang Zhuo said seriously, "I have nothing to say about this matter because I have no experience in this area."

The company he owns is very young compared to Sony, and is far from ready for large-scale operations.

"Mr. Fang, do you think Sony can start investing in cloud computing?" Ishida Jiajiu asked a direction that surprised Fang Zhuo.

"Cloud computing is a direction I am very optimistic about, and our company has recently established YWS." Fang Zhuo said truthfully, "If nothing else happens, this will be a market that will shine in the next ten years, but it is also a strategic The strategic focus of a company is always limited.”

He hesitated and said: "I'm not sure how long it will take for Sony to start from investment. During this period, there will be problems of tight funds and resources. We are starting from scratch, or even starting from a negative position. Well... it's hard to say."

Ishida Jiajiu nodded silently. Although his current reform of the company is just on paper, he has also thought about it repeatedly.

As one of the fastest growing companies in the world, Yike's success is so dazzling, and it is right next door, so he can't help but think about Yike's business development and direction.

As companies like Amazon, Microsoft, Google, and Yike try to develop cloud business, Ishida Yoshihisa thinks Sony might also give it a try.

"Sony can get funds in Japan." Ishida Yoshihisa said this first, and then hesitated, "This direction still needs to be carefully demonstrated."

This direction is obviously highly recognized by Mr. Fang. Can it be used as a long-term value... At least, Sony may not be able to do it now.

Fang Zhuo looked at Ishida Yoshihisa's thoughtful expression, and his heart was hanging. Good guy, can he really open up a new path?

He said: "In any case, we still have to ease the pressure of funds first."

Ishida Yoshihisa nodded, walked a few steps, and asked: "Mr. Fang, you once bought shares in the New York Building. In this situation, are you interested in the remaining part?"

Fang Zhuo found the feeling of an old friend from Ishida.

He smiled and said, "Sony's current round of selling posture may not be well received by the outside world."

"As the Chinese saying goes, even if there are thousands of people, I will go." Ishida Yoshihisa sighed, "Although we can borrow from banks, the use of our own funds is the least stressful."

"Let the company discuss this matter." Fang Zhuo gave an attitude.

Sony still holds 60% of the shares of the New York building. Last time it was a private property, and this time it was handed over to Yike.

If the speed is fast enough, Yike's US headquarters will be able to move to a new home next year.

Fang Zhuo chatted with Ishida Yoshihisa for a few more words. Perhaps because he officially became the CEO, he could feel that this person was already a little ambitious and was just waiting to show his fists.

However, the first step to show his fists is probably how to lay off employees, how to close factories, and how to cut business.

After lunch, Fang Zhuo made a video call to China.

Because Yike's Line meeting is relatively stable, he now uses this to chat with Su Wei.

When Su Wei came online, her first sentence was what the Japanese media reported today: "Are you really going to be the chairman of Sony?"

"Why? Can't I be the chairman?" Fang Zhuo asked with a smile.

"Hey, no, you, you..." Su Wei's first reaction was disbelief, but because this man was Fang Zhuo, she felt that it was possible, so she could only ask again, "Sony is not that abstract, right?"

"No, I lost the internal election, and I wanted to compete." Fang Zhuo said seriously, "But when everyone was about to vote, Ishida Yoshihisa jumped out and said that if you voted for me, he would commit suicide by disembowelment. There was no way, so the vote was not cast for me."

Su Wei sighed: "If he really did that, I'm afraid you would have become the chairman of Sony."

Fang Zhuo laughed.

"How does it feel to watch the aircraft carrier sink up close?" Su Wei quoted the Japanese media again.

"I don't feel anything. I started by comparing Sony's walkman, and now I have to buy Sony's building. I feel very emotional when I think about it." Fang Zhuo smiled, "Don't tell me, I used to see people using walkmans when I walked on the street."

The Japanese market is relatively closed and stubborn. No matter how popular a product is abroad, it takes more time to get market feedback here.

Su Wei smiled, and she also remembered the walkman that was dismantled in the office before.

She chatted about the situation in Shanghai for a few minutes, and then said: "Sony's stock price is very tragic. Don't you recognize Ishida?"

"Olympus, Kobe Steel, Takata, Sony, none of the companies that were exposed have good stock prices." Fang Zhuo shook his head, "It's just that various negative conditions are superimposed in such an environment."

The worst is Olympus. Since the news of possible forced delisting, its stock price has fallen by 70% at a rapid pace, from the original US$9 billion to the current US$2.68 billion.

This kind of tragic situation would make people jump off the building in Wall Street, but the situation in Tokyo is good. I have never heard of anyone who is desperate.

Olympus has not fallen to the point yet.

But there is still a company that has the hope of matching it. Takata's substandard airbags have officially attracted class action lawsuits from users in the United States and several European countries. This matter cannot end with a bow and apology.

"It is really the darkest moment of Japanese business." Su Wei gave a serious evaluation.

This evaluation is similar to the domestic public opinion at the moment.

The next door Xiaori was exposed that many large companies had committed fraud. This has always been a hot search on major media platforms. Everyone is very interested and pays attention to the development of the situation.

"No." Fang Zhuo lowered his voice, "It's not the darkest yet."

Su Wei "coughed" and understood, but felt that this was using the Internet, and immediately said more logically: "Well, they are all like this, and there must be others. Toshiba's situation has not been confirmed yet. When will you come back from Tokyo?"

"Soon, things here are almost over." Fang Zhuo said with a double meaning.

Su Wei smiled and asked the man to bring back some gifts.

She didn't lack anything, but gifts always made her feel happier.

At three o'clock in the afternoon, with the second day of Sony's extraordinary shareholders' meeting, WikiLeaks, which had been silent for many days, was updated again. This time, perhaps to make up for it, it released bad news about three Japanese companies at once.

According to convention, Kawasaki Heavy Industries and Mitsubishi Electric have product fraud, while the giant Panasonic has huge losses.

Fraud, fraud, losses, losses.

When the news from WikiLeaks was updated, even though Sony was voting on the board of directors, there was still a commotion, and everyone was whispering about the situation of friendly companies.

There is nothing new about fraud, just pretending to be qualified when unqualified, tampering with data, and the time is beyond imagination, but Panasonic's losses...

According to the news given by WikiLeaks, Panasonic's huge losses even exceed Sony, possibly exceeding 10 billion US dollars.

Losses exceed Sony?

Then how much loss do you have to make?

Then how bad do you have to be?

The expressions of many people in Sony's conference room became inexplicably excited.

Even the new CEO Yoshihisa Ishida, who was sitting in front, couldn't help but chat after knowing the latest news: "Sony's losses are largely due to the huge impact of the natural disaster in March. Obviously, it is not just us who are affected, and it is not just us who need recovery."

He even made a joke: "Although we all need to recover, I still hope that our Sony will recover faster than other brands."

This sentence is not appropriate.

Based on the public opinion of Japanese business, the words of Sony's new CEO have received more attention than his reforms on Sony.

The media ridiculed Yoshihisa Ishida: "Sony's situation is bad, but Yoshihisa Ishida showed a disgusting smile after hearing that Panasonic was suspected to be worse. Can such a person be the CEO of Sony, a brand that all citizens are proud of?"

It is not clear whether Yoshihisa Ishida, who has only been CEO for one day, will stand up and apologize for his inappropriate remarks. As soon as the Wikipedia news came out, new headlines and analyses were drafted with ease.

Everyone is now very familiar with the process.

However, the scale of Panasonic's huge losses is still questionable. Unlike Sony's financial reports that usually show a slight loss, Panasonic's financial reports in the first two quarters have always shown losses.

The loss in the first quarter was US$320 million, and the loss in the second quarter was US$450 million.

Such loss figures are already very shocking, and Panasonic did not cover up its bad situation.

No, perhaps, it still covered up, covering up a more shocking loss situation.

The news in the afternoon brought a passionate dive in the stock price before the closing.

That night, facing the unconfirmed news, even Tokyo TV could not help but lament in its report that the image of Japanese giant companies has collapsed globally.

What happened to Japanese companies?

After lamenting, Tokyo TV gave a program preview, and has invited business giants such as Fang Zhuo of Yike, Ghosn of Nissan, and Masayoshi Son of Softbank to discuss the current bad situation.