@misk to Games@sh.itjust.worksEnglish • 5 months agoHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netmessage-square59arrow-up1277arrow-down123
arrow-up1254arrow-down1external-linkHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.net@misk to Games@sh.itjust.worksEnglish • 5 months agomessage-square59
minus-squareFubarberrylinkEnglish76•5 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-square@delitomatoes@lemm.eelinkfedilinkEnglish12•5 months agoJapan Airlines CEO took a salary of $1 during the downturn…but it’s more of a Japan thing
minus-square@sugar_in_your_tea@sh.itjust.workslinkfedilinkEnglish6•5 months agoTo be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
minus-square@sugar_in_your_tea@sh.itjust.workslinkfedilinkEnglish7•edit-25 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-square@Saledovil@sh.itjust.workslinkfedilinkEnglish3•5 months agoIt’s the alternative to cutting your pinky finger off.
minus-square@Artyom@lemm.eelinkfedilinkEnglish-2•5 months agoSo you’re telling me the CEO behind the Wii U even kept his job? Wild
minus-squareFubarberrylinkEnglish5•5 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
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.
It’s the alternative to cutting your pinky finger off.
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.