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FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

GAMING NEWS

Nintendo Boss Takes Pay Cut in Wake of Poor 3DS Sales

Posted on Friday, July 29 @ 08:42:13 Eastern by

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.

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