Nintendo’s execs to take salary cut following poor Wii U sales

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It’s no surprise that things at Nintendo aren’t going well. Sales of the Wii U have been anything but stellar, with only 2.8 million units sold worldwide in 2013. This is in stark contrast to the 3.06 million units sold in just a couple of months to early adopters in 2012.

Amidst the poor market performance, Nintendo announced that the company president, Satoru Iwata, will take a 50 percent price cut to his salary for five consecutive months, starting in February. But he’s not the only one. Two top directors, one of whom is the creator of Mario, Shigeru Miyamoto, will take 30 percent pay-cuts. Seven members of Nintendo’s board will also see a 20 percent reduction in their paycheck.

These measures seem drastic, but if you take into account that this will be the third consecutive fiscal year that Nintendo has shown financial loss, the pay cuts make a lot of sense. Plus, it’ll probably keep the lower-tier employees employed for a lot longer.

 Source: Ars Technica

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