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#Gaming

1/29/2014 11:07:15 PM
7

Nintendo's President cuts his wage by 50%

http://www.polygon.com/2014/1/29/5356812/nintendo-boss-satoru-iwata-will-cut-pay-in-half-after-poor-fiscal [quote]Nintendo's Satoru Iwata announced he will slash his pay in half following a 30 percent slump in profit over the nine-month fiscal period ending Dec. 31, 2013. Speaking to reporters, the Nintendo president said he will receive a reduced salary for five months in the wake of the third quarter results. Other Nintendo executives will take a pay cut between 20 and 30 percent.[/quote] Wow, what a guy. Most other presidents/CEOs would just flat out fire employees, but no, Mr. Iwata is reducing his own salary by 50%, and the other Nintendo execs are taking a wage cut from anywhere from 20% - 30%. Iwata did this because of the poor WiiU sales and so that no employees would have to be fired. I have just gained even more respect for Nintendo and Iwata. I really want to see them get out of this slump, and hopefully they will around the time that the new Mario Kart and Smash bros. games come out.

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