ZyroXZ2 said:
Taking pay reductions doesn't necessarily mean the money just disappears. It's entirely possible the executives are taking the pay cuts so that the funds can be redirected into other projects in which budgets need to be increased. We have no idea WHAT the paycut is (just a percentage), nor HOW they're using it. We just know they're announcing paycuts for themselves. It could be JUST a paycut, but... Nintendo has been know to be pretty liquid in times of trouble: they somehow turn a profit when no one expects them to. |
It's poor management on their part that they've gone through this *twice* now. Pretty soon they're all going to be working for peanuts. Iwata took Nintendo from being the most valuable Japanese company in 2008 to not being able to turn a profit for three straight years in a few years time.
And we just get the same excuses over and over again and a pay cut every couple of years. He's lucky he hasn't been fired out right, in the US he probably would be.
Besides annual salary is probably just a bonus for most board members, the really money is likely in their stock options.
