Satoru Iwata To Take Temporary Pay Cut

Nintendo’s President Satoru Iwata has said he will take a five month pay cut, to make up for the loses the company has suffered recently, here is a quote from the source:

The head of Nintendo said Wednesday he would slash his salary in half after announcing a 30 percent dive in nine-month profit on weak demand for its new Wii U console as gamers are enticed by cheap, downloadable games for mobiles.

President Satoru Iwata told reporters he would draw a reduced salary for five months to atone for the downturn, while other members of the board will take a pay cut of between 20 and 30 percent.
When asked if his pay cut could extend beyond June, Iwata said: “I will make a decision after looking at the management situation at that time.”