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Sony Is Not Japan; The appointment of a foreign CEO is a sign of how far the iconic company has fallen in the Japanese corporate elite.
Byline: Christian Caryl (With Hideko Takayama and Kay Itoi in Tokyo, George Wehrfritz in Hong Kong, John Sparks and Michael Hastings in New York)
When Sony last week announced that it was naming Welsh-born American Howard Stringer as its new CEO, the faltering share price jumped. With a stroke, Sony joined the tiny club of Japanese companies with foreign bosses. Market watchers compared Stringer hopefully to Carlos Ghosn, the Brazilian-out-of-France who turned around Nissan Motors. Only look closer: all Stringer and Ghosn have in common is little or no grip on the Japanese language. Ghosn is a brash engineer, imposed on Nissan when Renault took over the company. ...
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