Nintendo Boss Takes Pay Cut in Wake of Poor 3DS Sales
Posted on Friday, July 29 @ 08:42:13 PST by Anthony Severino
Nintendo president Satoru Iwata told investors in Tokyo today, that he feels "heavily responsible" for the poor 3DS sales that forced a price drop just six months on the market. He further explained that to offset financial losses expected throughout the fiscal year, he is going to take a 50% cut in his salary. Other Nintendo execs will take a 30% or 20% cut.
Don't feel too bad, he's obviously not crying poverty if he's willing to offer up 50% of his pay. He'll still make over a million a year.
I have to admit, though, it's nice to see an executive take a pay cut when his company is facing crisis. Here in America, execs lay off half of the company, cut benefits, but still give themselves a yearly bonus and pay hike.
You hear that America? Take note of Iwata. That means you too, Reggie.
[Source 1, Source 2]
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.
comments powered by Disqus
Uncharted 4: A Thief's End
Uncharted 4 A Thief\'s End gameplay video. (0:37)
Super Meat Boy
Super Meat Boy WiiU trailer. (2:10)
DC Universe Online
DC Universe Online XBOX One launch trailer. (2:05)
THE KING OF FIGHTERS XIV
THE KING OF FIGHTERS XIV gameplay trailer. (1:56)
Offworld Trading Company
Offworld Trading Company launch trailer. (1:12)
|More On GameRevolution|