Sony to pay 1.6 bil. yen in retirement benefits to Ohga

Sony to pay 1.6 bil. yen in retirement benefits to Ohga

TOKYO, Japan - Sony Corp. plans to pay 1.6 billion yen in retirement allowances to honorary chairman Norio Ohga (file photo), who quit as a board member in January, according to a company letter sent to shareholders by June 4. Ohga, 73, who served as Sony president from 1982 to 1995, played a key role in establishing the CD format, codeveloped with Koninklijke Philips Electronics N.V. of the Netherlands and introduced in 1982. (Kyodo)

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