Board 8 > Iwata takes responsibly for 3DS selling like dried s***, takes 50% salary cut

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TheKoolAidShoto
07/29/11 8:49:00 AM
#1:


http://twitter.com/#!/gibbogame

gibbogame David Gibson
Iwata taking responsibility for 3ds,, taking 50% salary cut and other execs 30% cut, reduced bonuses too
53 minutes ago


No matter your feelings on Nintendo, Iwata is still that dude. He's so self-aware of his own failings, and he will let everyone know he's taking steps to correct it.

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JaKyL25
07/29/11 8:49:00 AM
#2:


If my bosses did this, the Post Office might not be a black hole money pit.

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nintendogirl1
07/29/11 8:50:00 AM
#3:


My Immortal has you beat by 63 seconds.

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TheKoolAidShoto
07/29/11 8:50:00 AM
#4:


But I made the topic, therefore mine is the better one.

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ZFS
07/29/11 8:51:00 AM
#5:


It's a nice gesture, but Iwata's salary is only about $700,000 a year. It's not going to do much to drastically alter their operating costs, but Iwata's a cool dude for it all the same.

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PartOfYourWorld
07/29/11 8:52:00 AM
#6:


This is a decidedly Japanese thing to do. Their execs criticize ours for their enormous salaries and bonuses.

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PartOfYourWorld
07/29/11 8:54:00 AM
#7:


From: ZFS | #005
It's a nice gesture, but Iwata's salary is only about $700,000 a year.


Like I said. He might make more in bonuses, but I'm not even sure about that. It's just a different culture in Japan and I think the idea of any exec making like $25 million a year would be seen as insulting by everyone, no matter their position on the corporate ladder.

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-Shenanigans-
07/29/11 8:55:00 AM
#8:


I like this topic more.

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Pianist
07/29/11 8:56:00 AM
#9:


the japanese way of taking responsibility is a great gesture, except this leads to their federal reserve chairman resigning every year, right?

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ZFS
07/29/11 8:56:00 AM
#10:


Yep. Japan is a lot different from America in that regard. Iwata does come away better with bonuses (about $2 million last year), but that's nothing compared to his American counterparts.

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TheKoolAidShoto
07/29/11 8:57:00 AM
#11:


Guy who designed 3DS probably gets the "window seat".

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ZFS
07/29/11 8:57:00 AM
#12:


It sure does lead to the Prime Minister resigning every year! It won't be much longer now before the current PM is forced to resign.

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ZFS
07/29/11 9:01:00 AM
#13:


also, the man the myth the legend - http://www.bloomberg.com/news/2011-07-29/nintendo-s-yamauchi-loses-500-million-in-single-day-after-plunge-in-stock.html

"Former Nintendo Co. President Hiroshi Yamauchi’s wealth may have plunged more than $300 million today after the flop of the 3DS player forced the company to slash its profit forecast."

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TheKoolAidShoto
07/29/11 9:09:00 AM
#14:


From: ZFS | #013
also, the man the myth the legend - http://www.bloomberg.com/news/2011-07-29/nintendo-s-yamauchi-loses-500-million-in-single-day-after-plunge-in-stock.html

"Former Nintendo Co. President Hiroshi Yamauchi’s wealth may have plunged more than $300 million today after the flop of the 3DS player forced the company to slash its profit forecast."


Daaaaaaaaaamn

Yamauchi probably called up Iwata and was like, "WTF MAN!?"

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It will launch for $350 with some Wii Sports s***. I bet my life on it. Damn, that KoolAid guy is awesome - NGamer64
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20three
07/29/11 9:34:00 AM
#15:


From: JaKyL25 | #002
If my bosses did this, the Post Office might not be a black hole money pit.


cool you work for the post office too!

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