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NWR Interactive => TalkBack => Topic started by: SurfingPikachu on January 29, 2014, 05:14:38 PM

Title: Iwata Cuts Salary to Atone for Profit Drop
Post by: SurfingPikachu on January 29, 2014, 05:14:38 PM

Board members to see pay cut as well.

http://www.nintendoworldreport.com/news/36430

Nintendo President Satoru Iwata announced that he and other board members will receive a pay cut in their salary for the next five months. The decision came after Nintendo reported a 30 percent decrease in profits today.

Iwata will reduce his salary by half while other board members will receive a 20 to 30 percent pay cut. Earlier this month, Iwata apologized during a shareholder meeting after revealing the downturn, saying "my duty, more than anything else, is to revive our business momentum".

The pay cut could extend beyond June depending on how the company fares. According to Iwata, "I will make a decision after looking at the management situation at that time".

Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: ShyGuy on January 29, 2014, 06:18:57 PM
Honor.
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: Caliban on January 29, 2014, 06:26:49 PM
Let's ask Bobby Kotick how much he's willing to cut his pay when business ain't doing so well.
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: the asylum on January 29, 2014, 07:33:37 PM
At least Yokoi had sense enough to resign when he tanked an entire division
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: Mop it up on January 29, 2014, 08:22:51 PM
Maybe they can count the pay cuts as profit.
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: Disco Stu on January 29, 2014, 08:29:18 PM
At least Yokoi had sense enough to resign when he tanked an entire division


Yay uninformed opinions!
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: ShyGuy on January 29, 2014, 10:28:08 PM
"President Iwata apologizes for the big cut in its full-year guidance, bows for three seconds."

http://blogs.wsj.com/digits/2014/01/29/live-nintendos-strategy-briefing-to-address-future-direction/ (http://blogs.wsj.com/digits/2014/01/29/live-nintendos-strategy-briefing-to-address-future-direction/)
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: Stogi on January 30, 2014, 12:34:13 AM
Wait...wasn't his salary a buck already or was that for just a year?
Title: Re: Iwata Cuts Salary to Atone for Profit Drop
Post by: Oblivion on January 30, 2014, 12:35:20 AM
That was Steve Jobs. Iwata took a 50% price cut when the 3DS was doing shitty.