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.