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For Sony Pictures Ceo, Cyberattack Won't Set Studio Back


Ron Burgundy
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Lynton, CEO Sony Entertainment and CEO and chairman Sony Pictures Entertainment, speaks during an investors' conference at the company's headquarters in TokyoBy Mary Milliken LOS ANGELES (Reuters) - Over the past seven weeks, Sony Pictures' chief executive has dealt with the fallout from a cyberattack he likens to having your house robbed and burned to the ground. But the devastating hack, he says, might end up being much less of a disaster for the studio than many had anticipated. Michael Lynton says the costs associated with the cyberattack, the most destructive on a private company on U.S. soil, will be completely covered by insurance and will not mean any more cost-cutting after a few years of painful restructuring. ...




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