Getting Sir Howard Stringer to sit down for a conversation is no easy feat. Since becoming chairman and CEO of Sony (SNE ) in 2005, Stringer has been circling the globe nonstop in the most challenging phase of his executive career. As he has worked to reorganize and reenergize Sony, Stringer, 65, has had to cope with two big crises-the recall of Sony batteries used in millions of laptops and delays in the launch of PlayStation 3. Despite these stumbles, the first Westerner to head the iconic Japanese corporation has driven Sony's net profit and stock price substantially higher during his tenure. Stringer spoke at length with BusinessWeek Editor-in-Chief Stephen J. Adler on a range of topics, from being knighted by Queen Elizabeth to the future of the evening news and whether it makes sense to break Sony apart.