Nintendo Executives Take Pay-Cuts; President Iwata Hit Hardest

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It’s no secret that the Wii U has been selling abysmally since its launch in 2012 and sales forecasts have taken a drastic plunge from their original expectations of 9 million consoles sold to 2.8 million.  To help cover the company’s losses, many executive members have taken heavy pay-cuts.  Shigeru Miyamoto, the legendary creator of Super Mario Bros and The Legend of Zelda, and Genyo Takeda, creator of Punch-Out!! and one of the lead developers of the Wii, are both taking 30% cuts while seven other board members are taking 20% cuts.  The largest cut of them all is being taken by the company president Satoru Iwata with half of his pay being cut.  The last time Iwata was forced to take such a hefty cut was over the weak early sales of the 3DS, which has seen a great rise in sales since.  This could be a similar case of the storm before the calm, or it could be the beginning of the end before Nintendo goes the way of Sega and Atari.  Only time will tell.

Nick Connor

I'm an English major and History minor at UW-Parkside. I'm a big fan of Mega Man, Deus Ex, Okami, Civilization, Kingdom Hearts, and Team Fortress 2.

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