Iwata earns $770k basic salary, Miyamoto gets $1.3 million!

Lastgengamer

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Lastgengamer on 29 June 2010

Iwata earns $770k basic salary, Miyamoto gets $1.3 million

According to an Asahi Shimbun report, Nintendo president Satoru Iwata’s basic salary is ¥68 million ($770,000).

The figure, even when it’s boosted by performance bonuses up to ¥187 million ($2.1 million), is in massive contrast to that of Sony CEO Howard Stringer, who rakes in a total of ¥816.5 million ($9.2 million).

It’s also been confirmed that a group of six Nintendo board members, including Shigeru Miyamoto, earn as much as ¥100 million ($1.3 million).

Miyamoto’s previously said that his earnings were in line with other producers at Nintendo after refusing a much bigger salary.

The report also revealed the wages of fellow CEOs, like Square Enix’s Yoichi Wada (¥240 million/$2.7 million), Sega Sammy Holdings CEO Osamu Satomi (¥435 million/$4.9 million) and Namco Bandai Holdings president Kazunori Ueno (¥137 million/$1.54 million).

It’s now required under new Japanese legalisation for companies to disclose which board members make over ¥100 million.

Big money.

Thanks, GI

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Kynes on 29 June 2010

Nintendo earned in 2009 aproximately 5.6 billion US$. It has less than 5000 employees, so each one produces more than 1 million US$. I think Iwata and Miyamoto more than deserve their paychecks.

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Khuutra on 29 June 2010

Miyamoto's salary as a designer probably isn't unusual, but I can imagine wy he'd earn more as a board member.

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Hydralisk on 29 June 2010

Well deserved for Iwata and Miyamoto if you ask me. This further proves that they care much more about Nintendo's success than their own IMO.

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sethnintendo on 29 June 2010

Looks like Sony is overpaying for their CEO....

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Boutros on 29 June 2010

Woah Iwata's salary is very reasonable. I was expecting much much more.

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sethnintendo on 29 June 2010

Kynes said:

Nintendo earned in 2009 aproximately 5.6 billion US$. It has less than 5000 employees, so each one produces more than 1 million US$. I think Iwata and Miyamoto more than deserve their paychecks.

Unfortunately, contract labor is a big part of manufacturing businesses these days. They are the unsung heroes that get treated like slaves with little benefits, usually no paid holidays, no ability to earn paid time off, etc... I am contract labor currently for company called Jabil. I bust my ass every day for no reason (besides the ability to pay bills). I can't wait till I actually get a decent job. My point is that Nintendo has had help from contract labor other than those 5,000 hired on employees.