Belfast said: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.
Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too
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.Andrex said:Like a damn boss. *salutes*
Corporate hacks in America could learn a thing or two.
Wow, respect to Iwata for that pay cut.Amir0x said:niiice
it's kind of endearing to see an executive like that take responsibility for a failing. Some companies could use humility like that
If this is the case I want to see a serious effort to revamp their online efforts.gibbogame David Gibson
For 3ds and wiiu we are strongly aiming on digital side
26 minutes ago
Dynamite Shikoku said:Why was it so expensive in the first place?
Andrex said:Thankfully.
And thankfully the industry can support so many different types of gamers.
Dynamite Shikoku said: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
brochiller said:Fucking respect to the Nintendo execs for that.
You would never see that from an American company. Never.
Boney said: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
Amir0x said: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.
they'd see the truthAndrex said:except the Animal Crossing fans would be left out in the cold
Are we thinking of the same GAF? :lolAmir0x said: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.
gibbogame David Gibson
Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too
53 minutes ago
Japan. Iwata, and many Japanese execs already have low salaries compared to the west.MasterShotgun said:Wow. Why won't more companies do this? That is a really good move on Nintendo's part.
I think people are talking about sleazeballs at companies like Goldman Sachs.OldJadedGamer said: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.
Fixed.Lyphen said:Japan. Iwata, and many Japanese execs already have low salaries compared to the USA.
WOW. I will buy one for Iwata.Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too
not sure if seriousAmir0x said: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.
http://www.escapistmagazine.com/news/view/101758-How-Much-Money-Does-Shigeru-Miyamoto-MakeNintendo, 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.
Firestorm said:I think people are talking about sleazeballs at companies like Goldman Sachs.
ciaossu said:Are we thinking of the same GAF? :lol
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.OldJadedGamer said: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.
Amir0x said: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.
Ulairi said:If in your world Animal Crossing never exists I'm ready to sign up.
QuiteWhittle said:You know what all those guys have in common? They're billionaires.
Just as I was beginning to think that Iwata was losing his magic, he once again does something awesome.Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too
Amir0x said:niiice
it's kind of endearing to see an executive like that take responsibility for a failing. Some companies could use humility like that
OldJadedGamer said: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.
Sky Chief said:It's also a really convenient way to be able to be worth millions and pay much less in taxes than you should.
BocoDragon said: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.
OldJadedGamer said: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.
Yeah, but they can't actually afford that, so here's something rather than nothing I suppose :/BigNastyCurve said:Reward??? I'd gladly have my $80 back in exchange for their "reward" thank you very much.
InfiniDragon said:Like a true boss.
Looks like people can rule out "hubris mode" after a move like that.
BigNastyCurve said: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 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.InfiniDragon said: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 said: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.Let me in said: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.
ShockingAlberto said: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.
Andrex said:I hope Iwata stays in charge for the next 50 years.