Nintendo Chief Cuts His Compensation in Half

At least he is taking responsibility.

I will certainly be buying the 3DS at this lower price point.

Well it's either a pay cut or Seppuku . . .

I think that is a good show of faith.

If only American companies were this way. Instead, we give out bigger and bigger bonuses to our CEO's with bailout money for completely wrecking our economy in the first place.

Either way, aside from the 3D features, I don't see any reason to spend any money on a 3DS when I already have a normal DS.

Take any entry-level psychology class, and you'll find that Japan conducts business WAY more differently than the US. When US companies are about to go under, CEOs give themselves I nice, fat bonus check and leave all the employees below them adrift. In Japan, CEOs kind of treat their co-workers like an extension of their family and are willing to take hits in monetary income for the sake of keeping the company alive. This speaks for the loyalty and trust these companies have within their corporate structure... I admire that. Way to go, Satoru...

FINALLY! Someone who takes responsibility. I greatly respect the decision that he has made. Not many other people would do that. Too many greedy people busy lining their pockets to bother. Now if only we could convince our government to do that......

As opposed to Wall St. bankers, who fubared the economy and their companies and still demanded the bailouts and their bonuses.

At least GM has repaid the government.

Hmm true the wall st... was referring to singaporean government not US government. Where our minister are the highest paid in the world

It's the same in (most of) EU as in the US. I do really hope that those greedy people will 1 day regret their decisions.

Though I'm not going to buy the 3DS anyway, I prefer a phone thingy that can be used as an all-purpose device instead of having 2-4 different devices on the go.

I found this refreshing. When the big government bailout took place a few years back, those companies bailed out b the government gave themselves huge bonuses with some of the money.

can't hate the guy for caring for his company enough to take a 50% pay cut and his other directors taking 20-30% across the board. that's just unheard of!

respect for this dude. cares enough for his company and workers to take responsibility and cut his pay like that. I dont think Ive heard of something like this, the rich executives making big cuts but not 1 employee is cut. If only executives in other giant companies did such things.

Haha I would go for the pay cut

Nintendo is just a class company to have execs willing to do this..I'm sure glad they didn't sell out to Microsoft awhile back.

Not all US CEO's take bailouts or pay increases as their company fails. Before you blanket the entire US commercial system with rhetoric, please consider what you are saying and it's implications.

That's some expensive publicity... I would have been more impressed if it was just done, and not announced.

^^ How can you be impressed with something that you don't know happened?

No they haven't, actually. There is still alot of heat going around about GM and it's "repayment" claims.

But this is a very clear example of just how much better managed a japanese company is compared to a similar american one. I can't recall the source(but I'm sure I can find it if desired) that a Japanese CEO makes 16x the salary of the "typical" worker. American CEO's frequently make over 300x the wages of a typical worker... Americans, in general, are just greedy, power hungry individuals, that want as much as possible, with zero to no effort involved. True, that is basically what everyone should want(the best compensation possible for their time, skills, and effort.. But seriously?), but with our "system" currently running the way it does, it allows for extravagantly outrageous abuse. Just another failure, on the belt, of the US.

Because America has been driven into Corporate-Communism. They buy the politicians and do the lobbying - and in turn, they run the game.

They call the shots. They decide on who pays more taxes in this country ( the poor and middle class). And they decide that rich people somehow get a break, because I mean really, they're creating jobs right? Um yeah, too bad that that type of logic has been proven wrong for the last decade.

Jobs are created by growth. They're created when people BUY more. If people (the middle class) has no money to spend, then why would a company create jobs when there's no demand? They wouldn't. So instead of doing anything useful with those tax breaks and subsidies, they instead buy back more of their stock and become even MORE richer.


Lovely system Capitalism turns into after a while. I think It's time for a reboot - take back our money, let their institutions fail and go bankrupt, and make them start over again. Make it against the law for campaign contributions (you'll never devise a system where they won't figure ways outs to bribe them through *contributions* - they'll always get around it with a loop hole), and put a complete stop to lobbying.


This is my favorite picture that tells it all : http://mayoor.files.wordpress.com/ [...] =510&h=408

Oh, and just to add a quick side thought and explanation.


I understand I said it my above post "Make it against the law for campaign contributions" - I say this because there are always ways to loop-hole a bribe in for a politician, but I also say this because what ever happened to any man or woman in this country could run for president? These days, you have to have MILLIONS upon MILLIONS to even stand a chance - does that mean only millionaires, or people with millionaire backings are only worthy? Does that make them any more honest or qualified? No, it doesn't. It's actually unbalanced beyond belief that only the rich and upper class are even eligible for presidency.


I'm just saying, you shouldn't have to have a house in the Hamptons in order to run for president. Many middle class (or pretty much anyone for that matter) would be much better than our current "Privileged" people in Washington are.

Good example, Nintendo. Why can't more politicians be like this? After years of running my region poorly, the politicians in my area gave themselves a raise instead.

very noble of him

Same reason that George W. Bush was paid $400,000/year vs the previous $200,000.

Yes, he didn't directly increase it himself, but during lackluster presidency, he should've stopped it.

Let's also not forget that being President is worth it for the perks alone - the pay is just icing on the cake.


Let's lastly not forget that Bush was a BILLIONAIRE and most presidents have/are rich.


They then write books and do speeches and make even more money.


Wonderful system we have going.

Now imagine if members of the Unites States Government and Federal Reserve took such responsibility/liability in such a formal manner? I know, I know, leave the fairy tales to experts...

This guys trick worked, you think a pay cut for multi millionaires makes a damn bit of difference? They are only doing this to con gullible people into buying their "failed" product. Perfect timing as well considering the issues in the U.S.

This is merely a publicity stunt.

And everyone in Little League is a winner. Wait, no they're not. Some people lose.


Why can't people accept that, and learn from it? Are people overly sensitive to being wrong and losing?


You can be a failure without blaming someone else. Nice little metaphor, but it's too delusional for me to not say something.

Humbleness and responsibility are what's needed more in non-Japanese corporations.

I'm in the market for a Prada bag, do any of you spammers have something special for me?

I just think what makes this novel is given Nintendo's position in the company it definitely creates positive pr for them and for workers. Sure the president and his directors are rich if we go by a "loose standard" but at the same time if we compare it to the US banks like Goldman Sachs, CITI and other corporations, they were instead issuing bonuses and, in cases they were cut, receiving complaints for instances it was cut.

Its about the "class" I suppose is made from a decisions. Decisions like this would do wonders for a lot of companies in the US and would go a long way toward at least easing some tension that is created by executive pay. Not like I have delusions of it happening but its nice to know it happens somewhere in the world I suppose =3

Pfft.... Imagine what will happen when the new Wii U tanks... FULL pay cut I am betting...