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Sony extends Lynton's contract through 2012


October 04, 2007 Following the motto "if it ain't broke, don't fix it," Sony Corp. chairman and CEO Howard Stringer has extended the contract of Sony Pictures Entertainment chairman and CEO Michael Lynton to 2012. After weathering some initial boxoffice disappointments, he led Sony Pictures to a record $1.7 billion and change at the domestic boxoffice in 2006 with co-chairman Amy Pascal. SPE also earned more than $3.3 billion in boxoffice receipts that year, an all-time peak for the company.

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