/spandiv style="float:right;width:305px;display:inline;font-size:13px;font-weight:400;font-style:normal;line-height:16px;" img src="http://news.bbcimg.co.uk/media/images/53752000/jpg/_53752864_stringer.jpg" width="304" height="171" alt="Howard Stringer"span style="width:304px;"Howard Stringer praised PlayStation network gamers for coming back after hacking attacks/span /div div class="story-feature related narrow"Related Stories/div p class="introduction" id="story_continues_1"Sony boss Howard Stringer took a 16% pay cut last year, the electronics and media giant announced at a shareholder meeting on Tuesday./p pHis salary and bonuses fell to 345m yen (pound;2.7m) - a drop from 408m yen a year earlier./p pThe fiscal year, which ended on 31 March, is Sony's third year of losses./p pThe company is still recovering from the damage to its factories, hit by the recent earthquake and tsunami, and from a series of security breaches./p pSpeaking at Sony's annual meeting in a Tokyo hotel, Mr Stringer praised PlayStation network gamers for coming back after the hacking attacks. /p pHe said that up to 90% of subscribers have remained loyal to the network./p pDespite the chief executive's apology for the hacks, some shareholders appeared frustrated, with one person asking for Mr Stringer to step down. /p pThe data breaches have made the company's stock price slide by 30% this year./p pHacker group Lulz Security claimed responsibility for the attacks./pdiv style="float:right;width:305px;display:inline;font-size:13px;font-weight:400;font-style:normal;line-height:16px;" img src="http://news.bbcimg.co.uk/media/images/53752000/gif/_53752859_r04dlyqj.gif" width="304" height="171" alt="Sony"span style="width:304px;"The company is still recovering from a series of security breaches/span /div pBut Mr Stringer seemed positive about the firm's future./p p"Our brand perception, you'll be happy to know, is clearly improving again," he said./p p"My foremost responsibility to the board and all of you is to further advance the transformation process, firmly establish Sony's position as a global product, content and service leader in the networked digital era and ensure our continued development and growth," he added./p pAccording to the company's estimates, the attacks will cost it 14bn yen (pound;108m) in increased customer support costs, welcome-back packages, legal fees, lower sales and measures to strengthen security./ppThis article is from the a href="http://news.bbc.co.uk" title="Link to BBC News"BBC News website/a. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites./p pa href="http://feedads.g.doubleclick.net/~a/xnvYWnWmr6PveC4P89CS100kWSM/0/da"img src="http://feedads.g.doubleclick.net/~a/xnvYWnWmr6PveC4P89CS100kWSM/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/xnvYWnWmr6PveC4P89CS100kWSM/1/da"img src="http://feedads.g.doubleclick.net/~a/xnvYWnWmr6PveC4P89CS100kWSM/1/di" border="0" ismap="true"/img/a/pimg src="http://feeds.feedburner.com/~r/BbcNewsTechnologyFullFeed/~4/24VLSnWDIKk" height="1" width="1"/