Nintendo Boss: I’m Sorry, Let Me Halve My Salary

Act of atonement follows tumble in profits

  • Share
  • Read Later
© Toru Hanai / Reuters / REUTERS

Nintendo Co President Satoru Iwata bows during their strategy and earnings briefings in Tokyo January 27, 2012.

Nintendo’s President Satoru Iwata announced that he will cut his salary in half after the company recorded a tumble in profits.

According to AFP, Satoru will receive half of his usual salary for the next five months, while Nintendo board members will receive a 20 to 30 percent cut in their salaries.

MORE: The 19 Greatest Super Bowl Ads of All Time

The Japanese gaming console titan’s revenues dipped by 8.1 percent during the last nine months of 2013 following sluggish demand for the Wii U games console amid fierce competition from Microsoft’s Xbox One console and Sony’s Playstation 4.

[AFP]

93 comments
DrewChase
DrewChase

Great, now let's keep cutting your salary until you get something right for the brand most of the gaming public grew up with. *roll eyes*

pbug56
pbug56

The original Wii, despite having inferior graphics (video resolution) and no Ethernet connection (unless you paid a small fortune for a dongle that cost 10 times what it was worth), was a lot of fun to use, and was innovative in a number of ways.  The Wii Useless offers little new except a confusing new controller device.

JoshuaWBallard
JoshuaWBallard

After watching this video, my only question is where did all the PC games go?

That_feel_br0
That_feel_br0

@JoshuaWBallard still hiding in the shadows, brother, waiting and watching as generations come and go...

KentAtwood
KentAtwood

The title of this article is terribly misleading. It makes him sound greedy when in fact when you read the article it's the exact opposite.

KakashiSensei__
KakashiSensei__

@KentAtwood  its not have my salary its halve lol i thought it was as well 

haakpaypal
haakpaypal

I have played every game shown on this video and yet today I still Play. Lovin it except I no longer play consoles. I finally grew out of consoles and moved to PC.  42 N still playin now my son plays the new systems so I have not truly left.

humtake
humtake

Doesn't matter how much he makes.  That doesn't affect anything but the people who think his salary is somehow tied to their happiness in life.

mcelroysdroid
mcelroysdroid

Now wait a minute, what the heck was the headline to this story about then? Did the nintendo boss kill someone and that's why his salary is halved or did he not beat Super Mario Brother's 3 under an hour and that's why his salary is halved? And why is he demanding to be paid because this story and it's headline appear to be two different things.

DJRickyV
DJRickyV

And on the other side of the coin is Jamie Dimon who got a raise even though JP Morgan had a down year in 2013.  Japanese CEO's actually hold themselves accountable while American CEO's rarely do.

VERose
VERose

The CEO of that airline halved his salary years ago, which is why his pay is less than the pilots. He made adjustments to his way of living to fit how much he made, which's why he took public transportation and ate in the lunchroom. Yes, he did make as much as any other CEO before he docked his pay.

martinburgisser206
martinburgisser206

@DJRickyV  

Be careful you might drive me away from the magic of capitalism and the US Debt:$17,738,158,460,368 

Maybe a "market economy" like japan is what we need?

iMaximusRex
iMaximusRex

@DJRickyV Many aren't even the top earners at their company.  The CEO of one of the Japanese Airlines, JAL I think, makes less then most pilots, doesn't have a private office and instead sits at a desk at the head of the floor he's on where everyone can see him, and he eats in the company lunchroom with all the other employees.


Meanwhile executives at American companies get paid an average of 300 times their average worker, and if they get fired for doing a bad job they get a "golden parachute" of an amount that would make most American's set for life.

redjester
redjester

CNN's Front Page:  "Nintendo Boss:  I'm Sorry, Now Pay Me!"


Wow, talk about a misleading headline!  Way to trick us into clicking your link CNN!  


DruVirus
DruVirus

@redjester  What Tim said. "Nintendo Boss: I'm sorry, Let me have half of my salary" is in no way misleading. 

Keshu
Keshu

How many company Presidents do you see doing that these days? Hands to Iwata-san for taking responsability instead of taking a huge paycheck AND bonuses like some company presidents even when their company is in the red.

Some might say it's only to save his ass and not get the boot but I do prefer this attitude of caring for the company loses and having a reaction than not caring at all and just leaving with a bonus and all for a competing company without even looking back.

Raiichu
Raiichu

Nintendo can do exactly what they're doing right now for the rest of my life and I'll love them equally as much.

If only everyone else had as much blind/unabashed/excited fanboyism as my friends and I have. 

Maria'Weierke'Hamlin
Maria'Weierke'Hamlin

Love, love, love Nintendo but was disappointed when our first Wii started having problems, we bought two more which were priced at half the cost of the original price not knowing that the new Wii's were no longer backward compatible with the GameCube games like the original Wii consoles were. The new consoles were not publically advertised as no longer being backward compatible. We looked all over the box after we opened it of course to find small print stating the fact. Had we known that, we may not have bought it. We now have games we can no longer play like GameCube's Zelda Windwaker. Instead of creating Zelda Windwaker for the Wii so people who love the games can still play them or making the new Wii's also backward compatible, Nintendo skipped the Wii and instead created Windwaker for the Wii U console. I refuse to buy a new console again!

DruVirus
DruVirus

@Maria'Weierke'Hamlin  I can understand being upset that the box doesn't inform you of a function the previous versions had. That I can agree with. But .. are you actually upset that they are not developing a remake of a game for their old console? Of course they skipped the Wii. The Wii is 8 years old. It's no longer relevant. Their new system is. You being upset that they didn't remake Wind Waker for Wii is like being upset that the newest albums being released aren't coming out on cassette tape. Technology moves on. They don't need to live in the past; you need to keep up with the future. 

00QuantaMeister
00QuantaMeister

Iwata did this in July 2011 after Nintendo under performed. This is the second time he's proposed a temporary salary cut to save his job.

What is the definition of insanity? Doing the same thing over & over again & expecting the same results. This is the third consecutive annual loss for Nintendo? Nintendo needs to fire Satoru Iwata & Reggie Fils-Aime. Nintendo needs leadership that's hip to current & future consumer trends. The future is mobile devices & services.

Especially when tablets like the Kindle Fire HD are low cost like 3DS, have higher resolution screens, have better build quality than Nintendo devices, & are far more capable of performing other tasks for the same price.


You don't need to release new titles on mobile. Start with the classics & legacy titles that gives people their fix & charge a high price. People will buy it for the convenience. It helps to bring in revenue while making plans for the future. If  Nintendo created an online service that gave mobile & competitors access to the legacy back catalog titles, while keeping the current new hot titles on Nintendo devices? This could protect the brand & yet open up revenue to the company.

bluedawg
bluedawg

@00QuantaMeister  "What is the definition of insanity? Doing the same thing over & over again & expecting the same results."

Incorrect.  The definition of insanity is doing the same thing over and over and expecting DIFFERENT results.

GettCouped
GettCouped

@00QuantaMeister Personally I don't want a hip Nintendo.  That just means a vomit fest of FPS games.

DruVirus
DruVirus

@00QuantaMeister  Kindle Fire HD do have all those things you mention. But do you know what they don't have? Mario. Zelda. Pokemon. If you're looking at things like, "Which is better to watch a movie/surf the web/read a book?" then sure, give it to the Kindle. But the 3DS is for Nintendo games .. and it's why the 3DS was the best selling system last year and has currently sold over forty million units. At the end of the day Nintendo is perfectly find in the handheld/mobile department. They've always been great and have no need in any sense of the word to open up to mobile. That would be incredibly fool-hardy.

"It helps bring in revenue while making plans for the future". No, it ruins their company. Allowing OTHER DEVICES to play Nintendo games? When Nintendo first-party IPs are the ONLY reason to buy Nintendo? That is the stupidest idea Nintendo could ever have. Would back catalogs sell on mobile? Of course. But who are you persuading to buy them? Nobody just getting into Nintendo is going to go buy the first Zelda. Anybody buying the first Zelda has already played it. What Nintendo needs is to bring new blood into their line-up ... not keep trying to draw the old fans back to rebuying their old titles.

That_feel_br0
That_feel_br0

@DruVirus @jcav@bluedawg@00QuantaMeisterThere is no document from Einstein ever found with said quote, and it was also attributed to several other people before it was claimed to be from Einstein. Among then are Ben Franklin and Mark Twain as origins for said quote, also none was confirmed.

JoniEspinoza
JoniEspinoza

Don't forget Americans love their toys and will spend what they think is fair.