Nintendo’s President and Other Top Staff Agree to Pay Cut

As the company’s financial woes continue.

By Jason Strong. Posted 01/29/2014 15:00 Comment on this     ShareThis

Accompanying today’s release of Nintendo’s financials was the announcement that the company’s president, Satoru Iwata, will be taking a 50 percent reduction in salary over the next five months. Other board members, including famed designer Shigeru Miyamoto, will be taking cuts between 20 and 30 percent. The move, a recognition on the board’s part of their culpability for the continued downturn in profit and revenue for the company, is just the latest in a slough of negative press that has followed the Big N over the past month.

There was something of a silver lining to be found in today’s financial report, however, for those willing to look. It seems that with the install base of the Wii U now reaching close to 6 million users, several of the console’s games were able to sell through one million units by the end of December. This landmark, hit by Super Mario 3D World, The Legend of Zelda: The Wind Waker HD, and Wii Party U, shows that despite lukewarm consumer interest in Nintendo’s flagship console, the quality of the company’s games can still make an impact.

Should Nintendo’s executives be held accountable for the company’s recent struggles? Does the relative success of key titles on Wii U give you hope for the console’s future, or is the system dead in the water? Sound off in the comments below!

Source: IGN

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