FILE PHOTO: The Sony logo is seen on a building in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri
TOKYO - Sony Corp said on Thursday it would buy back shares worth up to 200 billion yen , or 4.8% of stock, through March 31, 2020, in an effort to boost shareholder returns.Reuters has reported that Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony again to push for changes that include shedding some businesses.
Way to go - that’s how you invest in your employees. Heavy sarcasm.
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