Nintendo: Iwata will take 50% pay-cut following financial report

Wednesday, 29 January 2014 08:54 GMT By Dave Cook

Nintendo president Satoru Iwata has vowed to take a 50% pay-cut following Nintendo’s financial report, published this morning.

You’ll find Nintendo’s 2013 financial report through the link.

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 cited 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%.

It’s the second time Iwata has taken a pay cut in less than two years. In 2011 he halved his salary after the slow start to the 3DS console.

Via AFP & Polygon.

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