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i'd say Aye, it's rare to see a CEO actually understand that laying off devs isn't the solution and that giving them more confidence is, Iwata has that quality most likely because he was previously a game developer.
i mean, imagine you're a Nintendo dev and you're CEO defends you and doesn't want to fire you despite investors telling him to lay you off, going to the point that he cuts his own pay in half, how would you feel?