Marvelous Executives And CEO Absorb Deep Pay Cuts

By Spencer . January 25, 2010 . 11:38pm

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In response to the disappointing earnings forecast, key executive staff at Marvelous Interactive are docking their pay.

 

Executive staff will take a 15% – 17% cut in their check. Directors are hit harder with a salary reduction ranging from 25% – 43%. The CEO of Marvelous Entertainment will reduce his pay by 77%.

 

Granted, the executive staff of any media company tend to make the most so it’s not like these guys are going to be working nightshifts at Family Mart. We’re bringing this news up as a contrast. Whenever we hear about troubled Western studios the next few lines usually have to do with layoffs, not executive pay cuts.


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  • http://www.siliconera.com/ Ishaan

    Very admirable indeed. It’s been said before, but I look forward to how MMV evolve over the next year. They’ve been trying hard to be more competitive.

    • malek86

      Yeah, but this is just to gain some time. They need to change their business model into something more competitive. I too admire their dedication to great niche games, but apparently it’s not doing them good.

      • http://www.siliconera.com/ Ishaan

        Well, Fate/Extra and the NMH port (hopefully, there’s a Muramasa one on the way, too) are great first steps. Developing on a lower-end system and up-porting to the high-def ones seems like a sound business model for MMV because their games aren’t loved for their high-end graphics or anything. People wouldn’t feel like they lost anything in the transition.

        • jarrodand

          Truth be told, I think PSP ports of their Wii games would make more sense. Heroes Paradise has “bomb” written all over it.

          • http://www.siliconera.com/ Ishaan

            If it’s going to bomb on the 360 and PS3, it’ll definitely bomb on the PSP in the West.

          • jj984jj

            But now that they’ve gone back to licensing to other publishers Japanese sales should be their priority, PSP software not selling well in the west should not be their primary concern anymore.

          • http://www.siliconera.com/ Ishaan

            @jj984jj: Sorry, can’t reply to your comment directly.

            Well, that’s just it, isn’t it? What publisher can you think of that would take a risk by licensing NMH for PSP in the West? MMV have stated several times that they feel Western sales are important, so they need to produce content that publishers in the West would be interested in licensing. NMH I don’t think would do well even on the PSP in Japan, although, I’d love be proven wrong.

            Other games, yes; it would make sense to have something like Muramasa ported the PSP. :)

  • Hraesvelgr

    Whoa, 77%. It is better than taking a small cut and screwing over the little guys, though.

  • 5parrowhawk

    I suspect that most Japanese studios, if they found themselves in trouble, would do the same as the Western ones. Kudos to Marvelous for this move.

    And why, oh why, did you have to bring up Family Mart? That silly jingle is now stuck in my head.

  • mFrog

    Phew, I’m glad the coders can avoid the conveni night shifts since so many of them are closing for the night these days due to economic and environmental pressures!

  • masuto

    Wow, that’s tough. I agree that they need to change their focus.

  • http://www.youtube.com/B4ULoveShine Tim_at_where

    This just made me admire Marvelous Entertainment more.

  • http://coffeewithgames.com/ coffeewithgames

    Wow, the CEO really stood out to me on this one. I’m really glad to see a company doing this, rather than firing people.

    I hope it works out for them in the end!

  • StealthKnight

    Wow! They do have honor and are not screwing the employee’s. This is one of those few decent companies that I wish them well. I think we can all learn a few things from them.

    • http://www.youtube.com/B4ULoveShine Tim_at_where

      Because of this, Marvelous Entertainment will be the ONLY company I’ll always day one from this point on, pre-order bonuses included or not.

  • Joanna

    Need to buy more Marvelous games now!

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