misk@sopuli.xyz to Games@sh.itjust.worksEnglish · 9 months agoHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netexternal-linkmessage-square63fedilinkarrow-up1270arrow-down127
arrow-up1243arrow-down1external-linkHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netmisk@sopuli.xyz to Games@sh.itjust.worksEnglish · 9 months agomessage-square63fedilink
minus-squareFubarberry@sopuli.xyzlinkfedilinkEnglisharrow-up83·9 months agoIt wasn’t this year, but I remember when Satoru Iwata and a bunch of other Nintendo executives took pay cuts when the Wii U was underperforming rather than laying off workers. So it does happen, just not very often with most companies.
minus-squaredelitomatoes@lemm.eelinkfedilinkEnglisharrow-up16arrow-down1·9 months agoJapan Airlines CEO took a salary of $1 during the downturn…but it’s more of a Japan thing
minus-squareSaledovil@sh.itjust.workslinkfedilinkEnglisharrow-up5·9 months agoIt’s the alternative to cutting your pinky finger off.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up5·9 months agoTo be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up4·edit-29 months agoYes they do. Here are a few: Mark Zuckerberg Jack Dorsey Larry Page Even those with a “typical” CEO salary usually get far more compensation through stocks (e.g. Costco’s CEO). Salary isn’t the interesting figure here.
minus-squareArtyom@lemm.eelinkfedilinkEnglisharrow-up1arrow-down3·9 months agoSo you’re telling me the CEO behind the Wii U even kept his job? Wild
minus-squareFubarberry@sopuli.xyzlinkfedilinkEnglisharrow-up5·9 months agoHe was also the CEO behind the Wii, DS, and 3DS. So plenty of success besides the Wii U.
It wasn’t this year, but I remember when Satoru Iwata and a bunch of other Nintendo executives took pay cuts when the Wii U was underperforming rather than laying off workers.
So it does happen, just not very often with most companies.
Japan Airlines CEO took a salary of $1 during the downturn…but it’s more of a Japan thing
It’s the alternative to cutting your pinky finger off.
To be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
Do they though?
Yes they do. Here are a few:
Even those with a “typical” CEO salary usually get far more compensation through stocks (e.g. Costco’s CEO). Salary isn’t the interesting figure here.
So you’re telling me the CEO behind the Wii U even kept his job? Wild
He was also the CEO behind the Wii, DS, and 3DS. So plenty of success besides the Wii U.