Poor 3DS sales means pay cuts across the board.
http://www.nintendoworldreport.com/news/27301
Nintendo President Satoru Iwata will be taking a 50 percent pay reduction in response to poor Nintendo 3DS sales. The news was revealed at a conference in Tokyo, where Iwata stated to investors that he would be taking responsibility for the low sales figures.
Iwata was making approximately ¥137 million ($1.8 million) last year between his salary and bonuses. Specifics weren’t given, but both the base salary and bonuses are expected to be lowered.
Other directors, such as Senior Managing Directors Shigeru Miyamoto and Shinji Hatano will be taking a 30 percent pay cut and other executives’ salaries will be dropping by 20 percent.
Wow, they're not laying off the people at the bottom while giving themselves bonuses? Don't these guys know how to run a corporation?
Don't they still have swimming pools filled with money left over from the Wii and DS?Which makes this all odd. Its like there reacting from 10 Years in the Future.
Iwata's just doing this because everyone will respect him as the most brilliant game designer in the world when Balloon Fight is free on 3DS.
Wow, they're not laying off the people at the bottom while giving themselves bonuses? Don't these guys know how to run a corporation?
Yeah, that's a pretty incredibly low number for a major CEO. I wonder what Sony's CEO makes...
Iwata's just doing this because everyone will respect him as the most brilliant game designer in the world when Balloon Fight is free on 3DS.
Blatantly ripping off Joust is brilliant game design? ;)
Iwata's just doing this because everyone will respect him as the most brilliant game designer in the world when Balloon Fight is free on 3DS.Air Fortress better be one of the free games ;)
Don't they still have swimming pools filled with money left over from the Wii and DS?Which makes this all odd. Its like there reacting from 10 Years in the Future.
Yeah, that's a pretty incredibly low number for a major CEO. I wonder what Sony's CEO makes...
Sony CEO Howard Stringer makes $4.3 million in salary and bonuses, down from the previous years $5 million (http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/06/sony-knocks-stringer-pay-by-16-percent-approves-hirai-promotion.html (http://latimesblogs.latimes.com/entertainmentnewsbuzz/2011/06/sony-knocks-stringer-pay-by-16-percent-approves-hirai-promotion.html)).
Iwata-san is wise and noble. I feel happy that Nintendo is in his hands.
Strange that they picked a showman like Reggie to head up NoA - quite the opposite. I guess they thought that is what Westerners like, and sadly, it seems they are right.
Also, why do you say "I guess they thought that is what Westerners like, and sadly, it seems they are right."? I mean I guess you could have heard a lot of fans say they like Reggie (personally I've heard mostly the opposite) but really who cares about how the figureheads appear? I don't know, maybe I'm just a little touchy because I am a Westerner and it seemed like you basically just insulted all Westerners, but as I said I probably just thought that because I'm touchy about the subject of being belittled for being a Westerner.
And this is why "Westerners" get belittled. XD
This is a symbolic gesture to appease pissed-off stockholders. I wouldn't start lauding Iwata as a martyr. His 8-digit bank account balance will have a lead digit that's one number lower than it would have been.