Nintendo President Satoru Iwata To Take 50% Pay Cut

By Ishaan Sahdev January 29, 2014

Nintendo president Satoru Iwata will take a 50% pay cut from February until June, in light of Nintendo’s poor performance the past year, reports Japanese publication Nikkei.

Other members of the board, Iwata said to reporters, will be taking pay cuts as well. The two representative directors of Nintendo, Shigeru Miyamoto and Genyo Takeda, will take a 30% pay cut, while other board members will take a 20% pay cut.

After the five-month period, decisions regarding these pay cuts will be taken depending on the state of Nintendo’s business at the time. Tomorrow, January 30th, Nintendo will discuss its strategy for its games business going forward.

Ishaan Sahdev

Ishaan specializes in game design/sales analysis. He's the former managing editor of Siliconera and a contributing writer at GamesIndustry.biz. He also used to moonlight as a professional manga editor. These days, his day job has nothing to do with games, but the two inform each other nonetheless.