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Sony Consolidates Control of Divisions; Stringer Takes On President Title Too. Sony (NYSE: SNE), battered by losses across its major divisions, is now taking steps to consolidate power under current Chairman and CEO Howard Stringer: Stringer is also taking over as the president of the Japanese giant, and thus will effectively control Sony's core electronics business. Current Sony president Ryoji Chubachi will become vice chairman. These changes will start April 1. As part of the reorg, Sony also plans to set up two new business groups, one that covers PlayStation (gaming) and Vaio PCs (computers), and the other handling Bravia flat TVs, Cyber-shot digital cameras and Handycam camcorders, the company said. ...
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