Nintendo's Iwata and Miyamoto Take Pay Cuts

Salary reductions follow poor Wii U performance

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Nintendo's Iwata and Miyamoto Take Pay Cuts
Senior executives at Nintendo are set to take hefty pay cuts following news of the company's poor performance. Top of the bill are the company's president, Satoru Iwata, and Mario creator Shigeru Miyamoto.

Japanese newspaper Nekkei reports that Iwata will take a voluntary reduction of 50 percent to his salary. Nintendo's other two directors, including legendary developer Miyamoto, will take cuts of 30 percent.

The remaining board members will have their salaries reduced by 20 percent.

Nintendo had to reduce its net sales forecast by over a third following drastic cuts to its Wii U, 3DS and software predictions.

Management restructuring is thought to be afoot, but the company has said it won't attempt to rectify its problems by putting its games on smartphones or tablets.


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