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Forums - Nintendo Discussion - Iwata to take 50% pay cut, entire Nintendo board to take pay reductions

Denying your bonus, which was probably agreed by all as good publicity is drastically different from HALVING your entire earning in half. He might still get an awesome amount of money, but thats still a drastic amount. Bonus's are just bonus's. But I agree that they are also trying to do everything they can to help put the company back in profit. And I"m trying to support them, jsut got my Sony Xperia Z1. IT ROCKS. 



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Soundwave said:

He's been saying the same excuses for 5 years. Please understand, we need to release more games, I will focus on ensuring there are no post launch droughts (lol), we need to work with third parties, we won't repeat the mistakes of the 3DS with Wii U, etc. etc. etc. Yet there's very little in the way of tangiable action. 

The Bayonetta 2 deal. the Sonic deal, the Lego-City deal, the Wonderful 101 deal, granting IP usage for other games (Tekken and Scribblenauts), organizing crossovers (FE x SMT and Hyrule Warriors, plus the Pokken rumours), outsourcing development much more readily than in the past (Smash Bros).

 

Soundwave said:

Sure Nintendo saves a few bucks from them taking a paycut, but it's a drop in the bucket compared to the overall damage done to the brand the last several years. 

Perhaps, but Iwata can only move forward through time and, based on what 2014 seems to be promising, organise an awesome enough selection of games on the Wii-U that its sequel won't be as looked down upon as it is after the Wii. I fully believe in his ability to play the long game.

 

Soundwave said:

They probably are going to waste much of the 3DS era without making any profit at all. 

Pure speculation, but then again my own reasoning and opinions are often speculative so I can't really say much; except that I disagree with your conclusions.

 

 

Soundwave said:

They basically blew Pokemon X/Y's big year by somehow managing to post a loss the same year. 

The way you say that makes it sound like they shouldn't have release Pokemon and instead had an even bigger loss that year; but given you the benefit of the doubt and assuming you just mean it should have been enough to put them back in profit I would like to remind you that Pokemon is historically quite often an "evergreen" system-seller.

 

Soundwave said:

I realize he gets a lot of rope, really because of his likable personality, but the results have been terrible. Yamauchi never posted a loss *once*, I Iwata has done so three straight years, and honestly I think they are headed to year 4 of losses.

 

Its true Iwata is more of a risk-taker. and that can result in losses, but can I have a link to the offical stats you're referencing? I've seen more than a few conflicting reports. Some say its their second year in red, some say it's their third year of decreasing numbers, and some say their third year in the red.

 

Soundwave said:

Lower 3DS sales next year and they still probably have to drop the Wii U price again and no Pokemon X/Y type release. 

If you're not counting Mario Kart as "Pokemon type" then sure. But historically it is a pretty fiercesome system seller.

 

Soundwave said:

Nintendo doesn't need employee paycuts. They need solutions to get them out of this mess that are properly executed. 

They need to be profitable; and I'd rather Iwata be dutiful than screw over the money for gaming projects. Besides the fact he chooses to take it seriously and personally makes me believe in him. Don't you feel atleast a little that way too?



For me this just deja vu, as is often the case with Iwata:

http://ca.ign.com/articles/2011/07/29/nintendo-president-takes-pay-cut

(Mind you, this is from 2 1/2 years ago).



So, how big a paycut is Luigi taking?



Honestly this is not respectable, this is just bullshit to appease the investors.

The respectable thing to do after flat out saying that you don't understand large precentages of the market would be to let new people rise to the top of your company to help it better understand the current market.

But instead they're like: LOL, we don't understand the market, but it's ok, see we're paying for it by cutting our salary. Now everything's fine, right? It's not like we even need that salary cause we all have stock options but at least it sounds impressive: "Iwata cuts his salary by 50%", great isn't it?



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Can someone link me to Nintendo's quarterly results thread, I can't find it :(



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So is hating on Iwata the hip thing to do nowadays?



"I've Underestimated the Horse Power from Mario Kart 8, I'll Never Doubt the WiiU's Engine Again"

Slade6alpha said:
Can someone link me to Nintendo's quarterly results thread, I can't find it :(

http://gamrconnect.vgchartz.com/thread.php?id=177160



DerNebel said:
Honestly this is not respectable, this is just bullshit to appease the investors.

The respectable thing to do after flat out saying that you don't understand large precentages of the market would be to let new people rise to the top of your company to help it better understand the current market.

But instead they're like: LOL, we don't understand the market, but it's ok, see we're paying for it by cutting our salary. Now everything's fine, right? It's not like we even need that salary cause we all have stock options but at least it sounds impressive: "Iwata cuts his salary by 50%", great isn't it?


While it is admirable in a way I guess, it's true that likely Iwata, Miyamoto, and Takeda at least are likely swimming in stock options worth millions and millions of dollars, so their yearly salary is largely immaterial. 



This is a very good move and simply makes sense.

When Wii/DS boomed to extreme success, I'm sure these same executives received bonuses related to company profits. Now they are paying, essentially, fines for company losses.

All companies have to take risks. Sometimes they succeed as was the case with motion controls and the Wii. Sometimes they fall flat or fail as is the case with the gamepad and Wii U.

A single failed idea is not reason to dump leadership. 3DS didn't start off too hot, now its very strong and growing. Wii U will very likely never rebound in a similar manner, but it will be profitable in the end and allow Nintendo's leadership good lessons to learn from.

In fact, when Wii U is retired, the only real impact it will have is the loss of marketshare. Same as was seen with SNES, N64, and GC. Also similar to those machines, Wii U will have numerous amazing titles and overall profitability for the company. Allowing Nitntendo to continue to have large cash stockpiles to create future winning and losing hardware/software.

I for one and very happy with this move. It shows true leadership and that they take responsibility for the current financial situation. Far better than any US company typically does. As mentioned earlier, US CEO would likely just downsize/layoff workers and not touch his pay... possibly even give the board bonuses as the loss of workforce shows a short-term increase in profits, yet weakens the company in the long-term.

I can't wait to see what I will be playing on my Wii U in 2014 and beyond.