Nintendo Boss Takes Pay Cut in Wake of Poor 3DS Sales
Posted on Friday, July 29 @ 08:42:13 Eastern 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]
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