Nintendo president Satoru Iwata has told shareholders that he is taking a 50% pay cut due to lackluster sales of the Nintendo 3DS. It’s not just Iwata who is taking a pay cut as some representative directors are taking a 30 percent cut, and other executives are taking a 20 percent cut. Just to give some perspective Satoru Iwata currently makes the equivalent of around US $2 million. Shigeru Miyamoto earns around $1.2 million.
“For cuts in fixed salaries, I’m taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut.”