Ever wonder how much Iwata and Miyamoto make?
The revelation stems from a new requirement that Japanese companies must disclose to shareholders the salaries of board members that exceed ¥100 million. This includes Iwata, who makes an annual salary of ¥187 million, or right around the $2 million USD mark (depending on currency conversion rates). He makes a base salary of ¥68 million (approximately $770,000 USD), with the rest being rewards for performance incentives met. Shigeru Miyamoto is one of a group of six board members that made a combined ¥100 million ($1.1 million USD), but his base salary was not disclosed.
Other game industry CEO salaries were revealed by Japanese website ZakZak. Square Enix CEO Yoichi Wada made more than Iwata last year, raking in a cool ¥240 million ($2.7 million USD). Namco Bandai Holdings President Kazunori Ueno made slightly less at ¥137 million ($1.6 million), while Sega Sammy CEO Osamu Satomi is rolling in cash with earnings of ¥435 million ($4.9 million USD).
Satomi runs a larger company, which is certainly reflected in an increased paycheck. For comparison, Sony's top chief Howard Stringer was paid ¥816.5 million ($9.2 million USD) last year for running the mega-corporation.