He did apologize (again) for the string of data breaches, which began in April and for its slow and inadequate response to its laughably (lulzably, I suppose) poor security, but said the company is recovering.
"Our brand perception, you'll be happy to know, is clearly improving again," he said
He did not clarify where he thought Sony's reputation was recovering:
Was it among customers who are still ticked that the sites were down for so long and only secondarily that their information was stolen ;
Was it among hackers who had a series of easy targets until they got bored hitting them
Or was it among shareholders who later called for Stringer's resignation but ended up cutting his pay 15 percent instead. In the invitation it sent to shareholders to attend the meeting, Sony's board proposed an 11 percent cut in pay for Stringer and other top execs.
Sony's stock price has fallen 30 percent this year. The Nikkei exchange on which it is traded fell 6 percent.
Sony's stock price has fallen 37 percent since Stringertook over as CEO in 2005.
Was the decision to tick off customers with draconian copyright protection a good one, considering the loss of data from 100 million customer accounts(caused by bad security where it mattered rather than by good security on the PlayStation console)? Was it worth the drop in stock price?
Was it worth the (conservative estimate) $173 billion the breaches might cost Sonyjust from extra customer support,perks to lure back customers, legal costs and extra spending on security?
In a Congressional hearing on cybersecurity yesterday, Sony Network Entertainment chief Tim Schaaf said traffic on the PlayStation Network had recovered too within 10 percent of its volume before the first attacks in April.
Schaaf was there to support the Data Security and Breach Notification Act, which would require that any site holding customer data increase its security to a fairly minimal level.