Topic: Iwata Cuts Salary to Atone for Profit Drop

[SurfingPikachu]

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".

[ShyGuy]

Honor.

[Caliban]

Let's ask Bobby Kotick how much he's willing to cut his pay when business ain't doing so well.

[the asylum]

At least Yokoi had sense enough to resign when he tanked an entire division

[Mop it up]

Maybe they can count the pay cuts as profit.

[Disco Stu]

At least Yokoi had sense enough to resign when he tanked an entire division

Yay uninformed opinions!

[ShyGuy]

"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/

[Stogi]

Wait...wasn't his salary a buck already or was that for just a year?

[Oblivion]

That was Steve Jobs. Iwata took a 50% price cut when the 3DS was doing shitty.