"Marvelous Entertainment posted a rather unfortunate earnings forecast for the quarter and things aren't looking so marvelous for the publisher. But instead of taking it out on the workforce by sacking people left and right, key executives in the company are getting themselves some sizable pay cuts.

Siliconera reports that executive staff are to find their paychecks 15-17% smaller, while directors are facing a much tougher 25-43%. Hats off to the Marvelous CEO who will be taking a whopping 77% pay reduction.

As Siliconera puts it, "it’s not like these guys are going to be working nightshifts at Family Mart." The news, however, is very interesting in a way that the execs are taking the blow instead of going for the usual layoff."

Aww, how nice

Source - http://www.qj.net/qjnet/news/marvelous-entertainment-execs-choose-pay-cuts-over-lay-offs.html

Yeah, ther are clearly an example.

we should all buy a game from them each just to support this kind of behaviour instead of the other kind with bonuses at the same time as the lay off people.

They are showing the way to take for a healthy buisness

The company screwed up. It is cutting pay instead of letting people off. Either way. As long as the company does what it needs to do to continue to make good games. That's the important part.

time to change strategies and make games for XBLA and PSN as well marvelous, stop bleeding money on the wii, exclusivity is not the way to go.

This is how you cut costs. Hats off to Marvelous.

I think that is (or maybe "was" by now) what Japanese companies usually do.

This is how you do it!! Marvelous i hope you do some PSN and XBL releases in the near future, I may well be more interested in your games that way...

any chance we can show this to the UK Bank execs? no? how about the politicians?

You could live in New Hampshire where the State Representatives and State Senators only make $100 plus travel a year :)