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Nintendo president, Satora Iwata, takes 50% pay cut

Nintendo president accepts 50% pay cut.

@anthony256
Published Sun, Jul 31 2011 9:30 PM CDT   |   Updated Tue, Nov 3 2020 12:31 PM CST

Nintendo have been having a hard time with their Nintendo 3DS portable gaming console, it hasn't been selling well and is not seeing the sales they were expecting. Last week they dropped the price of the 3DS to drive more sales and the latest news on top of all of this is that Nintendo employees will also face some form of salary reduction.

Nintendo president, Satora Iwata, takes 50% pay cut | TweakTown.com

It's not just employees either, Satora Iwata, Nintendo's President will be accepting the same punishment as staff with his salary being reduced from 1.2 million to 600,000 a year. Other chiefs will take a 30-percent reduction to reduce overall costs. He said:

For cuts in fixed salaries, I'm taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut.

NEWS SOURCE:kitguru.net

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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