Word: stringers
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...Howard Stringer's greatest strengths, say those who know him, is his ability to thrive in alien, even potentially inhospitable cultures. Welcome to Tokyo, Sir Howard. You will need every ounce of your intercultural sensitivity to thrive in your new post, CEO of Japan's struggling Sony Corp. During a capacity-crowd press conference last week in Tokyo, outgoing Sony CEO Nobuyuki Idei, 67, announced that he was voluntarily stepping down after almost five years and that Stringer, 63, rather than one of a number of oft mentioned Japanese heirs apparent, was replacing...
...announcement hit Japan like an earthquake. Stringer may not be the first Westerner to take the helm of a major Japanese company, but his ascension trumps Carlos Ghosn's 1999 appointment to the executive suite of Nissan Motors in significant ways. First, unlike Nissan, Sony is not just one of many world-class Japanese companies; it is the quintessential Japanese company, linked to the nation's identity as the very embodiment of the country's postwar economic miracle. Second, Renault, which owns 44% of Nissan, forced Ghosn upon Japan's second largest automaker, whereas Sony willingly sought Stringer's assistance...
During the assault on Sony's core business, however, Stringer's operations in the U.S. became one of the company's few bright spots. He cut costs while completing the acquisition of MGM Pictures and a joint venture with Bertelsmann Music Group. He also presided over Sony Pictures' rebound, thanks to its new blockbuster Spider-Man franchise. Last year the division kicked in 40% of the company's operating profits...
...Stringer will be asked to export that leaner, meaner strategy to Japanno easy task. One knock is that in a company dominated by engineers, he isn't an engineer. "I'm not a musician, yet I manage a music company," he counters. "I'm not an actor, and I manage Hollywood." His goal: to concentrate on products, not process, which has choked innovation at Sony. "We have to find a way to streamline the place," he says, "to focus on engineers and products and get out of the way." But he also has to rid the company of its infamous...
Moxon—or “Mox,” as he is commonly called—should know. He stood right at the fervor’s epicenter as one of mythic coach Bud Kilmer’s West Canaan High Coyotes. A second-stringer for the first three years of high school, Moxon took over as signal-caller just two games into his final campaign after a freak injury sidelined two-time All-Texas quarterback Lance Harbor...