Nintendo's president and board of directors have volunteered to take substantial pay cuts in the wake of the Nintendo 3DS markdown, company president Satoru Iwata said at an investors briefing on Friday.
Iwata's salary, reported last year to be around $770,000, will be cut by 50 percent. Iwata earned significantly more last year in bonus pay, which he said would be reduced this year because of the company's declining profits. Members of the board, including Mario creator Shigeru Miyamoto, will take lesser cuts of 30 percent and 20 percent.
"The deduction of the fixed compensation is what we volunteered to do in order to show our sincere attitude and to fulfill our responsibility," said Iwata. "We really must recover our financial performance and take Nintendo back into the position in the marketplace where it is well appreciated."
Posts
does it though
geth close the thread