Slashdot Mirror
Head of Sony Entertainment, Michael Lynton, To Step Down (deadline.com)
Sony Entertainment CEO Michael Lynton has told his employees that he is stepping down from the company. He will however be staying with the company for six months to help in the transition. Lynton's note to the staff reads: Dear Colleagues,
Today I will be announcing my resignation from Sony to focus on my position as Chairman of the Board of Snap Inc. This was not an easy decision for me, and one that I arrived at after long and careful consideration. Sony Corp will be issuing an internal note from Kaz to all Sony global employees as well as a press release describing the details and timing of my transition, which I have included below.
As some of you are already aware, I have been involved with Snapchat since its early days. Given Snapchat's growth -- and my growing role and responsibilities in it -- I recently determined that the time was right to make a change.
I leave Sony with great pride in all we have accomplished together -- from our greatest victories to overcoming our biggest challenges. Together we: Produced terrific films such as American Hustle, Captain Phillips, The Social Network, Spider-man, Skyfall and Spectre; and hit TV shows like Breaking Bad, The Blacklist, The Goldbergs, The Crown and Kevin Can Wait; Grew our worldwide networks business to 178 countries, including India with our ownership of the IPL cricket rights the Ten Sports Network; Completed the Lot's most significant capital improvement projects in decades including the Jack and Harry Cohn buildings, Calley Park and the beautiful new 8-story Akio Morita building, which brought Sony Music and Sony/ATV Music Publishing employees onto the Lot for the first time; Completed the $750 million acquisition of the Michael Jackson Estate's stake in Sony/ATV, making us 100% owners; And triumphed over the most devastating and disruptive cyber-attack in corporate history, keeping studio operations running and not missing a single day of production.
Today I will be announcing my resignation from Sony to focus on my position as Chairman of the Board of Snap Inc. This was not an easy decision for me, and one that I arrived at after long and careful consideration. Sony Corp will be issuing an internal note from Kaz to all Sony global employees as well as a press release describing the details and timing of my transition, which I have included below.
As some of you are already aware, I have been involved with Snapchat since its early days. Given Snapchat's growth -- and my growing role and responsibilities in it -- I recently determined that the time was right to make a change.
I leave Sony with great pride in all we have accomplished together -- from our greatest victories to overcoming our biggest challenges. Together we: Produced terrific films such as American Hustle, Captain Phillips, The Social Network, Spider-man, Skyfall and Spectre; and hit TV shows like Breaking Bad, The Blacklist, The Goldbergs, The Crown and Kevin Can Wait; Grew our worldwide networks business to 178 countries, including India with our ownership of the IPL cricket rights the Ten Sports Network; Completed the Lot's most significant capital improvement projects in decades including the Jack and Harry Cohn buildings, Calley Park and the beautiful new 8-story Akio Morita building, which brought Sony Music and Sony/ATV Music Publishing employees onto the Lot for the first time; Completed the $750 million acquisition of the Michael Jackson Estate's stake in Sony/ATV, making us 100% owners; And triumphed over the most devastating and disruptive cyber-attack in corporate history, keeping studio operations running and not missing a single day of production.
If you fuck up they pay you a 50+ million golden parachute to go away. Then you still end up on a board making more millions.
Stepping down? What an idiot!
He forgot to mention, that major losses was caused by their ugly attack against George Hotz, because instead of learning lesson and improving security, they decided they can afford to bully young security researcher. Big mistake.
And i doubt it was done without his consent.
Never forget.
Michael Lynton deserves respect for his decision to step down in order to make room for a transgendered person of color to run Sony Entertainment. I, for one, wish him the best in his retirement and applaud his plan to seek gender reassignment surgery in Israel.
Great job, feminism.
And based on the number of comments in this thread, nobody cares.
Well, if you had previously been riding the amazing wave of stupidity that increased snapchat's earnings but were happy to enjoy the rise in your investments....well now would probably be a good time to pull out and sell. Worthless crap probably isn't going to keep going up, especially with this guy putting in 100% of his effort.
Who is this that even the wind and the waves obey Him? Surely this computer must submit also!