• Kyodo

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Panasonic Corp. will halve its president’s and incoming chairman’s remuneration from July compared with a year earlier to make clear their responsibility for the struggling firms’ deteriorating earnings, company officials said Wednesday.

The electronics maker has already implemented 10 to 20 percent cuts in directors’ salaries since February 2009 in the face of falling earnings. On top of that, its directors have voluntarily returned some of their salaries.

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