Wouldn't be awesome...
arq
Posts: 8,049
Wound't be awesome if people working for the government (i.e. congress, senate, etc) do this?:
http://www.wired.com/gamelife/2011/07/n ... a-pay-cut/
Nintendo Chief Takes 50% Pay Cut After 3DS Markdown
By Chris Kohler Email Author
Nintendo president Satoru Iwata announces the Wii U at E3 2011. Iwata said Friday that he would take a 50 percent cut in salary after dropping the price of 3DS.
Image courtesy Nintendo
Nintendo’s president and board of directors have volunteered to take substantial pay cuts in the wake of the Nintendo 3DS markdown, company president Satoru Iwata said at an investors briefing on Friday.
Iwata’s salary, reported last year to be around $770,000, will be cut by 50 percent. Iwata earned significantly more last year in bonus pay, which he said would be reduced this year because of the company’s declining profits. Members of the board, including Mario creator Shigeru Miyamoto, will take lesser cuts of 30 percent and 20 percent.
“The deduction of the fixed compensation is what we volunteered to do in order to show our sincere attitude and to fulfill our responsibility,” said Iwata. “We really must recover our financial performance and take Nintendo back into the position in the marketplace where it is well appreciated.”
On Thursday, Nintendo slashed the price of its Nintendo 3DS portable game system from $250 to $170, citing slower than expected sales and a desire to rapidly increase the installed base prior to the holiday season.
In his opening statement before fielding questions, Iwata explained Nintendo’s reasons for the timing and amount of the price cut.
“Having strong momentum is very important for game platform businesses,” he said. “Once momentum is lost, great power is needed to change that trend.”
Nintendo, Iwata said, wants to ensure that retailers and software makers change their attitudes about stocking and making games for Nintendo 3DS.
“Removing their concerns on the sales of Nintendo 3DS hardware will be very critical for us to be able to enrich the applicable software in the years to come,” he said.
http://www.wired.com/gamelife/2011/07/n ... a-pay-cut/
Nintendo Chief Takes 50% Pay Cut After 3DS Markdown
By Chris Kohler Email Author
Nintendo president Satoru Iwata announces the Wii U at E3 2011. Iwata said Friday that he would take a 50 percent cut in salary after dropping the price of 3DS.
Image courtesy Nintendo
Nintendo’s president and board of directors have volunteered to take substantial pay cuts in the wake of the Nintendo 3DS markdown, company president Satoru Iwata said at an investors briefing on Friday.
Iwata’s salary, reported last year to be around $770,000, will be cut by 50 percent. Iwata earned significantly more last year in bonus pay, which he said would be reduced this year because of the company’s declining profits. Members of the board, including Mario creator Shigeru Miyamoto, will take lesser cuts of 30 percent and 20 percent.
“The deduction of the fixed compensation is what we volunteered to do in order to show our sincere attitude and to fulfill our responsibility,” said Iwata. “We really must recover our financial performance and take Nintendo back into the position in the marketplace where it is well appreciated.”
On Thursday, Nintendo slashed the price of its Nintendo 3DS portable game system from $250 to $170, citing slower than expected sales and a desire to rapidly increase the installed base prior to the holiday season.
In his opening statement before fielding questions, Iwata explained Nintendo’s reasons for the timing and amount of the price cut.
“Having strong momentum is very important for game platform businesses,” he said. “Once momentum is lost, great power is needed to change that trend.”
Nintendo, Iwata said, wants to ensure that retailers and software makers change their attitudes about stocking and making games for Nintendo 3DS.
“Removing their concerns on the sales of Nintendo 3DS hardware will be very critical for us to be able to enrich the applicable software in the years to come,” he said.
"The good thing about science is that it's true whether or not you believe in it"
Neil deGrasse Tyson
Why not (V) (°,,,,°) (V) ?
Neil deGrasse Tyson
Why not (V) (°,,,,°) (V) ?
Post edited by Unknown User on
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Comments
Absolutely.
We could argue the use of "far far too much", since that's a relative term.
where are you getting that the people making over $250 k "are the bad guys"? do you not realize that you pay a higher percentage of tax than they do? all i want is for them to pay their fair share. you should want that too, because then the deficit will be that much smaller if they did pay up. they have gotten not a free ride, but a less burdensome ride than the rest of us for a long time now, and if we are serious about reducing the deficit, then the people that can afford to pay a little more in taxes should step up and help out. if they are unwilling to do that, then they are not allowed to bitch about the deficit that they are contributing to by keeping money out of what is paid in.
"Well, you tell him that I don't talk to suckas."