Nintendo’s Board of Directors Take Pay Cuts, Including Iwata And Miyamoto

Nintendo has confirmed that their board of directors, are taking pay cuts for the period of February until June, to hold themselves accountable for the company’s recent performance. CEO and President Satoru Iwata is reducing his own pay by half. Shigeru Miyamoto and Genyo Takeda, who are active in making Nintendo hardware and software, are taking pay cuts of 30 %. The other members of the board have agreed to pay cuts of 20 %.

This follows a drop in their  financial forecast and 2013 report of 1.58 billion yen operating loss.

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