Wednesday January 29, 2014

Nintendo Bosses Cut Their Own Pay In Half

Wouldn't it be cool to see more American CEOs follow Nintendo's lead and cut their own pay when the company doesn't perform under their leadership?

The head of Nintendo said Wednesday he would slash his salary in half after announcing a 30 percent dive in nine-month profit on weak demand for its new Wii U console as gamers are enticed by cheap, downloadable games for mobiles. President Satoru Iwata told reporters he would draw a reduced salary for five months to atone for the downturn, while other members of the board will take a pay cut of between 20 and 30 percent.