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

kowenicki said:
Arcturus said:
sethnintendo said:

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

Is he really overpaid if Sony earned $80B in revenue over the past year versus Nintendo with $5.6B?



lol...

And one ALWAYS made a proifit, the other hasn't for 2 years.

Revenue is vanity... Profit is reality.


making revenue and putting PS3 back on profitability path is whats bonus is for



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Cheebee said:

Pah, even with shares added to the mix, it's PEANUTS compared to what Yamuchi's made off Nintendo during his career. XD


but compared to his salary they are BIG

Yamuchi still makes BIG from his shares



kowenicki said:
sethnintendo said:
Arcturus said:
sethnintendo said:

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

Is he really overpaid if Sony earned $80B in revenue over the past year versus Nintendo with $5.6B?


You are totaling all of Sony revenue when he just oversees the Americas.  How much revenue has Sony made in Americas only?  Iwata is overseeing the entire Nintendo company.

Actually Stringer is the CEO of all Sony Corp... globally. 

But its nonsense anyway... revenue means nothing.. profit means everything.

no it doesn't when your current business model is for the future



kowenicki said:
Arcturus said:
sethnintendo said:

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

Is he really overpaid if Sony earned $80B in revenue over the past year versus Nintendo with $5.6B?



lol...

And one ALWAYS made a proifit, the other hasn't for 2 years.

Revenue is vanity... Profit is reality.

Arcturus was just making a point about the size of the companies in relation to the salary of their CEO's. Obviously profit is what's important but it's irrelevant in terms of the job at hand for the two men.

9.2 mil for CEO of Sony ain't so bad when compared to a lot of other companies, who have done far worse in the past 2 yrs.

also, on topic, Iwata's salary shows the type of loyality their is within the company, especially taking into account the higher cost of living over there.



Looks like the thread got more focused on Stringer.  You can blame me for that.



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kowenicki said:
Solid_Snake4RD said:
kowenicki said:
Solid_Snake4RD said:

they earn much more throught their share



so will Stringer...


SONY has a loss

 

so he won't get naything on his shares

 

also Stringer has does not have a big share in SONY but was mostly appointed as he was american and because his management skills


What are you talking about?  

A share still has a value if a company makes a loss... and a company can still pay a dividend if a company makes a loss. 

I'm not sure you have any idea about this.


but how much will they pay if they make a loss compared to profits



kowenicki said:
Solid_Snake4RD said:
kowenicki said:
Solid_Snake4RD said:

they earn much more throught their share



so will Stringer...


SONY has a loss

 

so he won't get naything on his shares

 

also Stringer has does not have a big share in SONY but was mostly appointed as he was american and because his management skills

He is actually British American (Welsh who got dual citizenship in 1985)


fogot it but they just needed a western one as JAPAN ones were too soft



sethnintendo said:

Looks like the thread got more focused on Stringer.  You can blame me for that.


LOL



kowenicki said:
ShadowSnake said:
kowenicki said:
Arcturus said:
sethnintendo said:

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

Is he really overpaid if Sony earned $80B in revenue over the past year versus Nintendo with $5.6B?



lol...

And one ALWAYS made a proifit, the other hasn't for 2 years.

Revenue is vanity... Profit is reality.

Arcturus was just making a point about the size of the companies in relation to the salary of their CEO's. Obviously profit is what's important but it's irrelevant in terms of the job at hand for the two men.

9.2 mil for CEO of Sony ain't so bad when compared to a lot of other companies, who have done far worse in the past 2 yrs.

really?

TOKYO, June 18 (Reuters) - Sony Corp CEO Howard Stringer took home $4.5 million plus stock options in the past financial year -- when the electronics giant lost close to $450 million -- making him one of the highest paid executives at a Japanese company.

The size of the Welsh-born chief's salary drew some grumbles, but little overt anger from the nearly 8,000 mostly elderly shareholders at the annual meeting in a Tokyo hotel on Friday.

New rules force reluctant Japanese companies to reveal what they pay executives earning over 100 million yen ($1.1 million) a year, and Sony , the maker of Bravia TVs, Vaio personal computers and PlayStation game consoles, is among the first to do so.

Most Japanese CEOs are thought to earn far less than Stringer, or Nissan Motor Co 's Brazilian-born Carlos Ghosn, who is set to reveal his pay package later this month.

Rival electronics manufacturer Panasonic Corp said it would pay its 23 directors a total of 957 million yen -- or about one tenth each of Stringer's remuneration.

Stringer, a former TV producer, was voted back in as chairman and chief executive at the meeting, despite having struggled to significantly improve Sony's competitiveness since he took the top job in 2005.

Sony posted a net loss of 40.8 billion yen in the year to March and continues to play catch-up with rivals such as Samsung Electronics in TVs and Apple Inc  in portable music. It has forecast a 160 billion yen profit for the current financial year.

Much depends on how well it does in its aggressive drive into 3D TV and motion-controlled gaming.

"He's not produced results yet, but I think Sony is the only Japanese electronics maker that can transform itself to a horizontal business structure like Apple from a vertical one, because Sony still has strong brand power," said Keita Wakabayashi, an analyst at Mito Securities.

SHAREHOLDERS GRUMBLE

Shareholders said they welcomed the new openness on executive pay, but some were unhappy with the amount Stringer received. One asked him how he planned to take responsibility for the company's losses, but most kept their complaints for the journey home.

"When you're making a loss, you need to tighten your own belt a bit," said 72-year-old Katsuhiko Koyanagi, a shareholder and former Sony employee. "That's the Japanese way, but maybe he doesn't understand it."

Stringer received 410 million yen in fixed and performance related pay and also has options for 500,000 shares, which will only have cash value if Sony shares rise.

The stock fell 0.6 percent to 2,549 yen on Friday, and have dropped almost 30 percent since early April, knocking around $12 billion off the company's market value.

The new rules on declaring pay will affect a tiny percentage of executives.

Just 1.4 percent of directors and 8.3 percent of CEOs at listed companies in Japan took home more than 100 million yen in the year to March, according to a PriceWaterhouse Coopers survey.


one more thing WESTERN CEO's have the pleasure of getting more bonuses as thats the way western employees work more



How dare he refuse a raise? Greedy bastard.