Sir Howard Stringer, CEO of Sony, went to Wales, his homeland, in order to receive an honorary degree.
A few days before his arrival, Sony announced the closure of the Bridgend manufacturing plant, and cuts at the Pencoed assembly plant. 650 jobs lost.

He [Stringer] said the announcement to axe hundreds of posts had been the result of decisions taken 10 years ago which were having consequences today in a globalised world.


C’mon Howard, that’s a bit disingenious. If you take the job of CEO, you also take the responsibility.
BBC NEWS | UK | Wales | New Sony chief defends job cuts [bbc.co.uk]