Reinventing the Millennium

Chapter 1230 Running Towards People

Since October 1st, everyone at Sony has been confused.

What's going on?

Financial fraud? Lost money?

Hmm... Fraud and losses are not unacceptable.

$5 billion? $7 billion? ?

Stringer is out! Stringer is out! !

ah?

Really stepped down?

What to do next? Who can go up? Who can lead Sony, which has been in decline for ten years, to rise again?

Looking back, without realizing it, Sony, a brand that is famous all over the world, has been in decline for ten years.

From Nobuyuki Idei to Stringer, the two leaders went from Japanese-style governance to Western-style reforms. The entire group is getting worse and worse!

What happened to Sony?

This issue has been lingering in the minds of many people since the late days of Nobuo Dei, and now, it is a confusion not only for Sony employees, but also for Japanese public opinion.

Fortunately, what makes everyone at Sony very happy is that this time it is not just Sony that has problems, but also Olympus and Takata.

We at Sony are not the worst!

Olympus is going to be delisted over there!

Former president Tsuyoshi Kikukawa is about to join!

In contrast, Stringer should not fall into the French Open, right?

Based on various circumstances, based on the fact that Sony's ZTE dream was ruthlessly torn apart, based on the inability of two consecutive leaders to lead the group, and based on the fact that Stringer's resignation was caught off guard, Sony's board of directors actually not only participated in the directors, but also Many group executives.

Stringer's resignation has not yet been officially accepted, but it will definitely be accepted. However, how to choose now, who to choose from, and how to choose a suitable successor are the things that Stringer left behind. A legacy that is not endured holding one’s nose.

The conference call was scheduled for 9:30 in the evening on the 10th, which was only two hours after Fang Zhuo received the invitation. The schedule was quite rushed, and this New York time was 10:30 in the morning of the 11th in Tokyo.

As an outside director, Fang Zhuo joined the conference call on time.

As the most famous external director, Fang Zhuo expressed his dissatisfaction as soon as he joined the meeting: "In what age, we still have conference calls. No wonder Sony has fallen into this situation today. We directly use our Yike online conference room. The picture is smooth and the calls are smooth." It’s not stuck, and the trial period is free now, which is just right for us to discuss the company’s situation freely. Change it!”

There was silence as everyone looked at each other in the conference room of Sony's Tokyo headquarters.

Half an hour later, everyone logged into the Yike online conference room Online.

I have to say that the download is very simple, registration is particularly convenient, and there is a long free trial period. It is indeed a must-have product for corporate business and online meetings.

The avatars in the online meeting room lit up one after another. Fang Zhuo was holding a coffee cup and saw everyone with sad faces, as if the company had suffered a serious loss. Oh yes, it was indeed a serious loss, and that's understandable.

Sony's current board of directors has become very Western-style. Stringer has not done anything else well in recent years. The power of the board of directors is still very stable. It adopts a combination of 6 external directors + 3 internal directors.

However, when the chairman, Stringer, resigned and held a media conference to announce his resignation to the world, the identities of the outside directors were also very embarrassing.

Sony has used factual losses to prove that Stringer's approach does not work, and the so-called strategic advisors and decision-making facilitators of outside directors are naturally out of the question.

Therefore, only 2 of the 4 outside directors who received the invitation by phone agreed to attend the meeting, and the other 2 declined the meeting. As for the 2 who had not received the invitation, they have been pointing fingers at the group at every turn in the past few years. I was left with a huge feeling of disgust, so I simply ignored them this time.

From a procedural point of view, it is impossible not to invite the two outside directors, but at this moment... no one is pursuing this.

No, Fang Zhuo asked anyway.

Then he was met with silence again.

Fang Zhuo is generally more aware of Sony's current chaotic situation. With Stringer's sudden resignation, the original power structure has completely fallen apart, and everyone is confused.

"We still have to follow the procedures, even at this time, you guys, hey, forget it, let's have a meeting."

Fang Zhuo smiled brightly, and after half a sentence he sighed.

The meeting officially started with the sigh of the outside director, Mr. Fang Zhuo. A total of 11 people attended today. In addition to 2 external directors and 2 internal directors, the remaining 7 people included senior executives and senior executives.

Fang Zhuo has no idea about Sony. In fact, he hopes that Stringer can resign later to further promote external financing of Sony subsidiary sensors.

But Stringer insisted on resigning and said that he had asked the executives of the sensor company to speed up financing, which was considered an explanation.

Therefore, as I told Stringer before, Fang Zhuo, the outside director, does not intend to continue to be an outside director. This will end the friendship between the two people over the years.

Fang Zhuo plans to submit his resignation after the meeting is over.

The meeting was chaired by Executive Vice President Nakahata Ryoharu, who is also one of the two internal directors.

Ryoji Nakahachi is a representative of Sony's local faction. He once competed with Stringer. Later, when Stringer became available, he was elevated to his current position.

With Stringer's resignation, he naturally took over the chairing of the meeting as he held a board seat and was one of the candidates for his successor.

There are three main topics on today’s agenda.

1. Whether to accept Stringer’s resignation.

Second, what happened to Sony?

Third, how will Sony proceed?

Under the leadership of Nakabatsu Ryoji, the first topic was not very exciting. Everyone agreed to accept Stringer's resignation. The most important thing was that Stringer did not leave any room for easing this time. Not only did he resign, he also publicly criticized the corporate culture, which had already torn the relationship apart.

Fang Zhuo watched coldly and also agreed to accept the resignation.

However, when Nakabatsu Ryoji started talking about "what happened to Sony", began to assign blame, and began to criticize Stringer's reform and governance in Sony excitedly and even angrily, he was a little unhappy.

"It is precisely because Stringer has cut business and research in the past five years..."

Fang Zhuo could not listen any longer and directly interrupted Nakabatsu Ryoji's impassioned speech.

"Ryoji Chubachi, have you forgotten what a mess Nobuyuki Idei left behind?"

"Stinger is not good in this and that. He was able to take over as CEO because he did a great job in Sony America. You invited him."

"Also, Stringer's reforms are a continuation of Nobuyuki Idei's reform strategy. Shouldn't Sony's bloated businesses be cut? Shouldn't useless and repetitive R&D be cut?"

"I know what you're thinking. Isn't it just chasing the CEO position again?"

"I think the reason why Sony is where it is today is not Nobuyuki Idei, not Stringer, not their CEO who has proven himself with success, but the inability to unite with you."

"You want to be a CEO, but you're just a low-profile version of Stringer."

Fang Zhuo turned on the microphone, and Online was as smooth as he said, and the call was not stuck.

Ryoji Nakabachi seemed to be strangled by the neck, and his face gradually turned red: "I, I..."

"What do you mean by you? Have you been wandering around these days? The most important thing now is not how Stringer is, but to confirm how much loss there is, how to deal with the US SEC, how to throw away the burden and start again." Fang Zhuo said quickly, "What have you been doing these days? Waiting in line to bow?"

Another internal director, Katsumi Ihara, who is also the company's CFO, saw this scene and couldn't help but say: "Mr. Fang, you don't have to defend Stringer like this, we Everyone knows your relationship. "

"What kind of relationship? What kind of relationship is needed? Do I look down on Sony, a poor family?" Fang Zhuo said tenderly, "You, you dare to speak? Katsumi Ihara, as the CFO, the company suffered serious losses and the financial report was suspected of fraud, you should bear the second largest responsibility!"

He continued to criticize: "Stinger at least has some shame and knows to resign voluntarily. You, the CFO, actually sit here and have a meeting with us openly. Do you still have any shame?"

Katsumi Ihara's throat slid up and down desperately, but she still couldn't speak back.

"What the hell, what the hell, Sony's problems are caused by Stringer alone? If he stands up alone, you can all sit here with peace of mind, right, bah!" Fang Zhuo was furious.

The old knight is so old. Although he sold assets, excluded dissidents, and fought for power, don't you have any responsibility for watching him like this?

Bang!

Katsumi Ihara's screen went black.

Fang Zhuo waited for a few seconds and wondered, "Did she go offline?"

"She, she left crying..." Another R&D president, Shimada Keiichiro, answered hesitantly, and opened his notebook that was closed in anger, revealing an empty seat in the camera.

"Oh, I said Online is very stable." Fang Zhuo said this first, and then realized that he was indeed a bit too much, and asked, "Will the meeting still be held?"

There was silence, will it be held or... not held?

The criticized Nakabachi Ryoji did not leave the scene. He suddenly stood up and bowed to the camera to apologize: "Private Marseille, President Fang, I am at fault, and this meeting must still be held."

Fang Zhuo said "hmm" and accepted the apology.

Have a good meeting, don't always rush to the people.

I worked overtime for two days, and I will take a day off tomorrow to write at home.

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