SATORU IWATA AND OTHER TAKE PAY CUTS FOLLOWING NINTENDO’S POOR PERFORMANCE

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Nintendo’s president Satoru Iwata has revealed that he will take a 50 per cent pay cut for the next five months, following a press conference discussing its Q3 financial results. The president also announced today that two of the company’s directors, including beloved video game designer Shigeru Miyamoto, will take a 30 per cent pay cut as well. Other board members will also have their salaries reduced by 20 per cent.

Later tonight (8PM EST) Nintendo will hold a investor meeting and will (hopefully) outline what their plans are to turn their current situation around. Keep it here for more details.

2 Comments

  1. well here we are again as Nintendo fans, watching our favorite game company stumbling around like The Three Stooges. Frustrating, to say the least. A recent article from an independent developer familiar with Nintendo hardware mirrors my 2 cents on the situation: marketing and communication. These infomercials on Youtube are okay in themselves but are mind-boggling as a tool to reach the masses on the great products Nintendo has to offer. Courting independent devs is a keystroke i think in turning the tide, versus the big devs who want to minimize risk (and originality, one could argue). From my outsider view I once again see Nintendo marching to their own beat, but in circles. Every few great steps ahead they take several steps back. I hope they can gather talented teams from within and without to pump out games for Wii U and pump out snazzy, memorable marketing to support the games and get the word out. Do U think we’ll be seeing a slew of cool marketing during the super bowl?……

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