7 ms·
Satoru Iwata took a large pay cut when Nintendo was in a downturn in 2014ish
by huffmsa 4y ago
Satoru Iwata took a large pay cut when Nintendo was in a downturn in 2014ish
- lucasyvas 4y agoCame here to say this one.
- eganist 4y agoGood call. https://www.bbc.com/news/business-25941070 https://www.bbc.com/news/business-25941070
- ChrisMarshallNY 4y agoThat's actually not uncommon in Japan. CEOs are basically married to their companies, and take their performance quite personally. Also, Japanese execs are paid substantially less than their US/UK counterparts. I doubt that it has happened in quite a while, but there have been CEOs that have committed suicide, when their companies failed. Doubt that will catch on, in the US.
- rippercushions 4y agoThe salaries of Japanese execs are indeed tiny by US standards. However, as Kalzumeus says, instead of paying money so you can buy status, Japanese companies give status directly: company cars with drivers, company villas, very generous expense accounts, etc etc.
- ChrisMarshallNY 4y agoSimilar to the US entertainment industry. A lot of the nice stuff that musicians and actors have, is actually owned by the company. Gilded cage, so to speak.