I am glad to see Iwata and company are holding themselves accountable. It's so rare to see CEO's and board members in the U.S. do this. In America it's just, go ahead and fire me you still have to pay be my buyout clause (which is millions of dollars) just to let me go. I read Iwata and Miyamoto's reasons why the Wii U is failing and they get it. Miyamoto straight up said that the games that have come out are not unique/good enough, and that he needs to adapt to the modern environment. Iwata came out and said the 3DS is doing poorly in the U.S. because they have not made enough software, while Japan has more software and is tracking better then the original DS.

They get it, now lets see if they can fix it.

Screw that, just leave and go work somewhere else.

Again? lol

Do you support Sony aswell? http://www.huffingtonpost.com/2013/05/01/sony-ceo-bonus_n_3194446.html

I don't DISRESPECT Sony, but when Iwata is stating that they will not lay off employees just to meet budgets, I have to give them much more props, lol

Oh so Sony copied Nintendo again then?

I'm saying that they're going through the same motions. 

It's fine that they're taking pay reductions, but really it doesn't help their business. They need to LEAD the company, not do the "please understand" schtick over and over again.

This is a position they didn't have to be in, they got themselves into this situation entirely because of poor decision making on their part. 

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.