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Sony CEO Asked To Step Down

by on June 28, 2011
 

Two interesting morsels of news came out of last night’s Sony Shareholder meeting the first of which was a possible explanation into why Sony was hacked back in April, while the second was a request by an investor that Sony CEO Howard Stringer step down.

Although Mr. Stringer sidestepped the issue of his handing off the CEO torch, Kazuo Hirai was appointed his second in command in April.  Nothing has been said about Mr. Hirai taking over for Stringer, although investors are looking to the future, hoping to reestablish trust in Sony as well as boost low stock prices after April’s PSN security breach.

As to why the PlayStation Network was targeted, Stringer explained that it may have been due to Sony’s case against hacker George Hotz.  Hotz, who is now working for Facebook, was sued by Sony after he hacked the PlayStation and posted information online that would allow anyone with a PlayStation 3 to run non-Sony approved applications on the console.  Basically, Sony was concerned that Hotz’s hack would make piracy of PlayStation 3 games easier.

A week after Sony announced a settlement with Hotz, the PlayStation Network was hacked.

 [Reuters]

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