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[Boney]

50% salary reduction

holy cwaaaaap

 

[Tenck]

Won't lie. I'm not usually one of those guys, but I do kind of want my money
back now. Free NES games aren't going to cut it.

Sell it to me so I can get the free games

 

[ThatObviousUser]

Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too

Like a damn boss. *salutes*

Corporate hacks in America could learn a thing or two.

 

[FunkyMunkey]

Will buy now .

 

[Rocket Punch]

Iwata Samurai Warrior confirmed.

 

[Boney]

Like a damn boss. *salutes*

Corporate hacks in America could learn a thing or two.

Nah in the west you'd have seen the CEO cashing out all the stock and leaving the sinking ship and landing another high profile job.

by sinking ship I'm not referring to nintendo

 

[ampere]

niiice

it's kind of endearing to see an executive like that take responsibility for a failing. Some companies could use humility like that

Wow, respect to Iwata for that pay cut.

gibbogame David Gibson
For 3ds and wiiu we are strongly aiming on digital side
26 minutes ago

If this is the case I want to see a serious effort to revamp their online efforts.

 

[brochiller]

Fucking respect to the Nintendo execs for that.

You would never see that from an American company. Never.

 

[TheChewyWaffles]

Why was it so expensive in the first place?

I'm sure someone already answered this, but if not: hubris.

 

[Amir0x]

Thankfully.

And thankfully the industry can support so many different types of gamers.

if the industry made what I want nobody on GAF would ever complain about anything ever again. It'd be called Paradise and it would never happen because God doesn't exist.

 

[Ulairi]

Nintendo are going to be ignored by consumers soon enough if they dont finally accept that they need a good internet service. The best thing about gaming on my ipod is just being able to instantly download and play games. Thats real innovation - not some 3d screen

My computer has been doing that for over a decade.

 

[OldJadedGamer]

Fucking respect to the Nintendo execs for that.

You would never see that from an American company. Never.

Nah in the west you'd have seen the CEO cashing out all the stock and leaving the sinking ship and landing another high profile job.

by sinking ship I'm not referring to nintendo

In the West, most good CEO's don't even have a salary. For instance, Steve Job's from Apple, Larry Ellis from Oracle, and Eric Schmidt from Google's salary is $1 a year. That's how it should be, the CEO's worth should be based solely on the companies stock value. The company does good, he does good. The company does bad, he does bad.

 

[ThatObviousUser]

if the industry made what I want nobody on GAF would ever complain about anything ever again. It'd be called Paradise and it would never happen because God doesn't exist.

except the Animal Crossing fans would be left out in the cold

 

[Boney]

except the Animal Crossing fans would be left out in the cold

they'd see the truth

 

[ampere]

if the industry made what I want nobody on GAF would ever complain about anything ever again. It'd be called Paradise and it would never happen because God doesn't exist.

Are we thinking of the same GAF? :lol

 

[MasterShotgun]

gibbogame David Gibson
Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too
53 minutes ago

Wow. Why won't more companies do this? That is a really good move on Nintendo's part.

I hope they have learned their lessons from the 3DS launch and make the Wii U have one hell of a debut.

 

[erpg]

Wow. Why won't more companies do this? That is a really good move on Nintendo's part.

Japan. Iwata, and many Japanese execs already have low salaries compared to the west.

 

[Firestorm]

In the West, most good CEO's don't even have a salary. For instance, Steve Job's from Apple, Larry Ellis from Oracle, and Eric Schmidt from Google's salary is $1 a year. That's how it should be, the CEO's worth should be based solely on the companies stock value. The company does good, he does good. The company does bad, he does bad.

I think people are talking about sleazeballs at companies like Goldman Sachs.

 

[antonz]

I gotta say this is making Nintendos stock so very tempting. Its down to like Gamecube Era level.

 

[Lonely1]

Japan. Iwata, and many Japanese execs already have low salaries compared to the USA.

Fixed.

 

[timetokill]

Damn, I am all over the 3DS at that price

Also, Iwata continues to be a boss. Very humble and intelligent reaction from him.

 

[Let me in]

Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too

WOW. I will buy one for Iwata.

 

[BurntPork]

if the industry made what I want nobody on GAF would ever complain about anything ever again. It'd be called Paradise and it would never happen because God doesn't exist.

not sure if serious

 

[Firestorm]

FYI from June 2010:

Nintendo, being a Japanese company, naturally complied. It revealed that its CEO Satoru Iwata pulled in ¥187 million ($2.11m) last year, though just ¥68 million ($0.77m) of that was his salary - the rest included performance-based bonuses. A six-man group of Nintendo board members that included the legendary Shigeru Miyamoto, on the other hand, pulled in ¥100 million ($1.13m) in total, which indicates that Mr. Miyamoto's claims of refusing exorbitant salaries in order to remain more in line with his lesser-known coworkers are probably true.

http://www.escapistmagazine.com/news/view/101758-How-Much-Money-Does-Shigeru-Miyamoto-Make

 

[OldJadedGamer]

I think people are talking about sleazeballs at companies like Goldman Sachs.

Who would compare Iwata to the CEO of Goldman Sachs? I said "good" CEO's don't even have a salary.

 

[Amir0x]

Are we thinking of the same GAF? :lol

If it is in a world where the industry made everything I want, then yes. Amir0x run gaming world is one filled with bleating of lambs and the giggles of new born children, the pitter-patter of little bambi hooves on the ceramic tile floor. Rainbows flow from the nipples of saggy breasted manchildren everywhere, where little crumbs of cheese doodles collapse upon the rug to form endless orange fields of flaky cheesy goodness, where fairies graze upon the open cum-stained mouse pad and every day is the season finale of The Wire, Mad Men and Sopranos combined.

In my world, you find your destiny.

 

[QuiteWhittle]

In the West, most good CEO's don't even have a salary. For instance, Steve Job's from Apple, Larry Ellis from Oracle, and Eric Schmidt from Google's salary is $1 a year.

You know what all those guys have in common? They're billionaires. I'm sure if Iwata was wealthy enough, he'd do it too, because then he wouldn't have to pay income taxes.

 

[Ulairi]

If it is in a world where the industry made everything I want, then yes. Amir0x run gaming world is one filled with bleating of lambs and the giggles of new born children, the pitter-patter of little bambi hooves on the ceramic tile floor. Rainbows flow from the nipples of saggy breasted manchildren everywhere, where little crumbs of cheese doodles collapse upon the rug to form endless orange fields of flaky cheesy goodness, where fairies graze upon the open cum-stained mouse pad and every day is the season finale of The Wire, Mad Men and Sopranos combined.

In my world, you find your destiny.

If in your world Animal Crossing never exists I'm ready to sign up.

 

[Amir0x]

If in your world Animal Crossing never exists I'm ready to sign up.

Are you kidding? In my world instead of Satan, Tom Nook is the personification of evil - and the game Animal Crossing is akin to, say, Jericho or some shit. Devilry and horrors, the yearning cries of mothers holding the crushed skulls of their infant children.

 

[OldJadedGamer]

You know what all those guys have in common? They're billionaires.

They are billionaires because they own stock in the companies they are responsible for running. When the company does good, they personally make money... when the company does bad, they lose money.

 

[JaskoX1]

meh. I'll still wait for the slim line, better battery life, majoras mask 3d etc.

 

[Fantastical]

Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too

Just as I was beginning to think that Iwata was losing his magic, he once again does something awesome.

I really hope he knows what he is doing with Wii U, though.

 

[Blueblur1]

Wow at the Iwata salary cut. If that's true then I applaud him and the rest of the execs.

 

[Eteric Rice]

niiice

it's kind of endearing to see an executive like that take responsibility for a failing. Some companies could use humility like that

Indeed. This is how it should be, to be honest.

 

[Sky Chief]

In the West, most good CEO's don't even have a salary. For instance, Steve Job's from Apple, Larry Ellis from Oracle, and Eric Schmidt from Google's salary is $1 a year. That's how it should be, the CEO's worth should be based solely on the companies stock value. The company does good, he does good. The company does bad, he does bad.

It's also a really convenient way to be able to be worth millions and pay much less in taxes than you should.

 

[The Technomancer]

Wow, mad props to Iwata. Seriously yet another reason I genuinely respect the man.

 

[InfiniDragon]

Like a true boss.

Looks like people can rule out "hubris mode" after a move like that.

 

[rosjos44]

It's also a really convenient way to be able to be worth millions and pay much less in taxes than you should.

exactly, its called cooperate loopholes. Its a shame.

 

[TheChewyWaffles]

Oh.. exclusive download games?

Hmmm.. considering 3DS is $200 on sale in Canada this week... might bite...

Smart move Nintendo. Reward the early adopters. Grab a few fence sitters who might want those VC games. Sell the VC service to those users. Fix the price for the mass market and put an end to the horrible launch sales disaster.

Reward??? I'd gladly have my $80 back in exchange for their "reward" thank you very much.

 

[Ulairi]

They are billionaires because they own stock in the companies they are responsible for running. When the company does good, they personally make money... when the company does bad, they lose money.

Do you know how incentive stock option plans are taxed? Keep that in mind the next time Steve Jobs tries to talk about how rich people are taxed to low, he's not talking about people like him. He's talking about the family of four with a CPA dad and a lawyer mom.

 

[ampere]

Reward??? I'd gladly have my $80 back in exchange for their "reward" thank you very much.

Yeah, but they can't actually afford that, so here's something rather than nothing I suppose :/

 

[Sianos]

Daaaamn, I wasn't expecting anything more than a drop to 200. Good move, Nintendo. Impressed that Iwata took the fall for the 3DS as well, I have more and more respect for him.

Makes me really regret adopting early, but eh, that's the price you pay.

 

[TheChewyWaffles]

Like a true boss.

Looks like people can rule out "hubris mode" after a move like that.

How? It's what got them where they are right now with the 3DS. It clearly wasn't "worth" (by any definition of the word) their asking price and apparently they knew it.

 

[InfiniDragon]

How? It's what got them where they are right now with the 3DS. It clearly wasn't "worth" (by any definition of the word) their asking price and apparently they knew it.

If they were still old school "we don't give a fuck" Nintendo, an admittance of failure and taking out of their own pockets to fix it would not have happened. 3DS at that price was a hell of an overcharge, absolutely. But hubris? I don't think so. Not after this response.

 

[Let me in]

If they were still old school "we don't give a fuck" Nintendo, an admittance of failure and taking out of their own pockets to fix it would not have happened. 3DS at that price was a hell of an overcharge, absolutely. But hubris? I don't think so. Not after this response.

If it were old-school Nintendo, I don't think the price wouldn't have gone down for quite some time and we would have been hearing about "value." They're not only showing humilty, but they're showing a great deal of practicality as well.

 

[Javier]

Woah. Iwata eats Humble Pie for breakfast, lunch and dinner.

And between meals, too.

 

[InfiniDragon]

If it were old-school Nintendo, I don't think the price wouldn't have gone down for quite some time and we would have been hearing about "value." They're not only showing humilty, but they're showing a great deal of practicality as well.

My point exactly.

 

[ShockingAlberto]

If it were old-school Nintendo, I don't think the price wouldn't have gone down for quite some time and we would have been hearing about "value." They're not only showing humilty, but they're showing a great deal of practicality as well.

Iwata specifically said at the results meeting that they did not take the opportunity to drop the GC price when they could and that one action basically lost it for them, so they dropped it when it seemed right for the 3DS.

 

[ThatObviousUser]

Iwata specifically said at the results meeting that they did not take the opportunity to drop the GC price when they could and that one action basically lost it for them, so they dropped it when it seemed right for the 3DS.

I hope Iwata stays in charge for the next 50 years.

 

[Father_Brain]

I hope Iwata stays in charge for the next 50 years.

Eh. I'll judge that based on whether he actually follows through on his talk about DD, and whether their Wii U strategy reflects a realization that an overwhelmingly Japan-centric strategy is no real way to run an international company, among other factors.