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.


  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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