If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

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.

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.

About the Author

Dave Cook avatar

Dave Cook

Contributor

Living in Edinburgh, Scotland. Writing a game called Jettison and a book called Seventh Circle. Loves spicy food.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

Comments

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch