ACTIONTRIP NEWS RSS
LOGIN | REGISTER
USER     PASSWORD  
 Forgot username or password? Click here.
Iwata Takes Pay Cut as Nintendo's Profits Plummet
Filed under: NINTENDO

Nintento's nine-month financial reports are in, and the company's profits have significantly plummeted. Reveneues dropped 8.1% from last year, and profits dropped 30%.

As a result, Satoru Iwata, president and CEO of Nintendo, has agreed to take a 50% cut in pay over the next five months. The members of the board are also taking a pay cut, from 20 to 30%.

Nintendo has planned to hold an investor meeting tomorrow to discuss fixing its current problems, as there seem to be many. It's possible that Super Smash Bros. will help them out a bit, but that's definitely not enough.

[Via]


submit to reddit


0 post(s)
Reader Comments
COMMENTS PAGE 1




POST A COMMENT
Username:
Password:




SEND THIS PAGE TO A FRIEND
Easily fill in your friends' emails to send them this page.
 
 
BACK TO TOP
TOP VIDEOS
VOTING POLL

Destiny:

Yes, please.
No, please.
PC, Bungie, you assholes!
» view results
» view poll archives
TOP SCREENSHOTS
StarCraft II: Legacy of the VoidFar Cry 4Sunset OverdriveProject CARS
 
 
TOP COMICS
Claptrap FTWMaster Detective WithinBizarre Creed
 
TOP BABES
Three days ago

monitoring_string = "eff2d707bb70db01fa83ebd63e0c5947"
<