Nintendo: Iwata will take 50% pay-cut following financial report
Nintendo president Satoru Iwata has vowed to take a 50% pay-cut following Nintendo’s financial report, published this morning.
Iwata announced that he would cut his salary in half, following a 30% drop in profits across the last nine months. The lack of appetite for Wii U consoles was mentioned as a key financial influence.
He told reporters that the pay-cut would last five months as compensation for the poor performance, and that fellow board members would also take a cut of between 20-30%.