Sony CEO Howard Stinger Blogs His Apology, And Mentions The Earthquake

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By Douglas A. McIntyre Published
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Dear Friends, I am sorry. I am sorry. I am sorry. Sony (NYSE: SNE) CEO Howard Stringer who has been oddly absent since the huge hack of Sony’s PlayStation Network, penned a blog to his company’s customers.

The salutation was “Dear Friends”. The use of ‘friends” means that Stringer is hardly willing to take on the problem directly. Better to have said “Dear Customers” or Dear Victims”.

The first line in Stringer’s blog is “I know this has been a frustrating time for all of you.” He must have years of practice understating cases. Millions of Sony customers may have had personal data stolen. Stinger did do one brilliant thing. He announced that “A program for U.S. PlayStation Network and Qriocity customers that includes a $1 million identity theft insurance policy per user was launched earlier today and announcements for other regions will be coming soon.” That may help Sony customers financially, but it is not likely to regain their trust.

Stringer is not willing to admit to customers that once a system has been broken into, it can be broken into again. Stringer might have acknowledged that and said in some detail how Sony plans to combat a second hack. The hackers are still out there somewhere in cyberspace. They have not been identified, and may never be. Why not tell customer that they return to the PlayStation Network at some risk?  The reason is that Sony wants to stay profitable even if it poses some danger to its customers.

Stringer’s worst sin is that he used his blog post to play the sympathy card, a move which is cynical at its core. “In the last few months, Sony has faced a terrible earthquake and tsunami in Japan.” The earthquake did not cause the hacking incident. The suffering of Sony employees is completely unrelated to the PlayStation problem. Stringer might have had the decency not to mention the two issues in the same breath.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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