News Summary: New Sony president gets OK

News Summary: Former gaming chief Hirai gets shareholder approval to lead struggling Sony

Associated Press
News Summary: New Sony president gets OK
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FILE - In this April 12, 2012 file photo, Sony Corp. President and Chief Executive Officer Kazuo Hirai poses for photographers after a press conference at the Sony headquarters in Tokyo. Hirai, the former head of Sony's game division, will steer the struggling Japanese electronics and entertainment conglomerate's turnaround as the company's new president and chief executive. Shareholders approved Hirai after a grilling by frustrated investors at an annual meeting in Tokyo on Wednesday. Shareholders demanded to know how the company's past glory was going to be retrieved. (AP Photo/Shizuo Kambayashi, File)

APPROVED: Kazuo Hirai, the former head of Sony Corp.'s game division, won shareholder approval Wednesday to be the company's new president and chief executive.

UNREST: Frustrated investors at the company's annual meeting in Tokyo demanded to know how the company's past glory was going to be revived.

THE BACKDROP: Once an icon of Japan with its portable Walkman music player, Sony reported its worst loss in its 66-year corporate history for the business year ended March. It has stumbled in the face of powerful rivals such as Samsung Electronics Co. and Apple Inc.

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