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Iwata announces pay reduction for the entire Nintendo board from Feb to June

onken

Member
Dec 15, 2008
7,730
17
850
some place.. far away. yes, that will do
Just came through on the wire, expect public stories soon. Pretty nuts.

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Mod Abuse:
Here are the specifics:

The entire board is taking pay reductions from the period of Feb until June. Iwata is taking a 50% reduction as the company president. The two other representative directors, Genyo Takeda and Shigeru Miyamoto, will be taking a 30% reduction. All remaining directors on the board will take a 20% reduction. These include Tatsumi Kimishima, Kaoru Takemura, Shigeyuki Takahashi, Satoshi Yamato, Susumu Tanaka, Shinya Takahashi, and Hirokazu Shinshi.

Iwata says that beyond June, they will decide based on the business environment at that time.
 

coolasj19

Why are you reading my tag instead of the title of my post?
Jul 3, 2013
9,499
0
485
Texas
The Wire? Isn't that a really good TV show? This is expected, and good news for Nintendo's bottom line.
 

Sho_Nuff82

Member
Jan 2, 2007
39,630
1
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A nice symbolic gesture, but I don't see it making a difference without something drastic announced on Thursday.
 

Chuck

Still without luck
Feb 19, 2011
13,421
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yeah that'll turn the company around. him getting less money will definitely improve his decisions.
 

KNT-Zero

Member
Jul 7, 2012
1,125
0
420
It's a nice way to act, considering the fact that he is not firing anyone during these hard times for the company. Go Iwata!
 

IdreamofHIME

Member
Sep 14, 2010
21,433
3
540
Didn't he already do this?

 

Guinness

Neo Member
Jun 25, 2012
167
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0
Please understand that we don't care how much you are payed Iwata.

We want more good WiiU games, that's it. The next Nintendo Direct better be awesome.
 

rpmurphy

Member
Dec 6, 2008
14,937
1
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Isn't this pretty common with Japanese companies? Here in the US, I think there's just layoffs and the CEO gets a bonus.
 

Chinner

Banned
Mar 14, 2007
27,878
0
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the amount of damage iwata will do will cost far more than what this pay cut will save.