Sony's CEO caught selling more than half his stocks of the company

[Kovlak]

He's being accused of a pump and dump scheme with the stocks.

Nothing says confidence in Sony quite like that...

I'll be surprised if this doesn't lead to Hiroki Totoki's resignation.

Also Sony chief strategy officer Toshimoto Mitomo sold 25,000 shares of stock, representing around 18% of his total shares. He sold his shares at $21.02 as well, totalling $525,500.

There seems to be no honor among thieves.

Sony CEO Sells Over Half His Stock Following PlayStation Disc Announcement

In the days following PlayStation's announcement regarding physical game discs, Sony's CEO sold over half his stock in the company.

insider-gaming.com

 

[Boofy]

Appropriate site name to report on this

 

[ArchienineZXAdventArchienineZXAdvent's icon]

Even the CEO knows how angry the players are lol

 

[zombie100379]

 

[DjQuick2008]

all business top enders are corrupt.

 

[Then3lli]

Sony is doomed.

 

[MajorMachina]

You'd think the Captain would go down with his ship, but i guess not

 

[contrail_]

Not a good look, but maybe he just needed the money to build a bunker...

 

[DjQuick2008]

Not a good look, but maybe he just needed the money to build a bunker...

haha that would be about right or go to mars.

 

[beefbowl]

This seems like some fishy insider trading-esque scheme.

So like every top suit, he's corrupt. Not surprised lmao.

 

[ThunderBoy]

 

[Tsukishima Tsukishima]

Just about had it with all of this capitalism.

 

[Rocket2049]

i'm trying so hard to remain a sony fan...
but yeah wtf lol

 

[Majora Fi]

— Sony's CEO caught...
— Cheating on his wife?
— ...selling more than half his stocks of the company.

 

[Luxfin]

Cut to Sony going into panic mode after this adding more fuel to the proverbial fire. Meanwhile I'll be playing Black Sabbath's Paranoid over this dumpster fire considering that even the other subsidiaries didn't even know about the disc murdering until the announcement hit the internet harder than 2001 New York.