Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 30 January 2014 10:31

Nintendo boss commits Hara-kiri on salary

Written by Nick Farrell



No Wii cut

The head of Nintendo is going to slash his salary in half after announcing a 30 percent dive in nine-month profit.

The cause of the profit dive was a weak demand for its new Wii U console as gamers are enticed by cheap, downloadable games for mobiles and better offerings from Microsoft and Sony. Satoru Iwata took his salary to the Nintendo carpark where he recited a poem about how profit was like a cherry blossom and slashed into it with a paper knife.

He told assorted hacks that he would draw a reduced salary for five months to atone for the shame of the downturn. Other members of the board will take a pay cut of between 20 and 30 percent depending how much honour they have. Nintendo is due to hold an analyst conference Thursday to outline plans for a new business strategy.

The news comes just over a week after the Kyoto-based company shocked investors by warning it expects to slip back into the red in the year to March and slashed its Wii U sales forecast owing to weaker-than-expected holiday season demand.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments