Due to the Q3 financial report for Nintendo, president Satoru Iwata has revealed that he will be taking a voluntary 50% pay cut for the next five months. During this announcement, Iwata revealed that Shigeru Miyamoto will also be taking a 30% pay cut, while other board directors will have their salaries cut by 20%.
This announcement came after the reveal of the Q3 financial report, which saw Nintendo post a net operating income of 1,578 million yen, but projects a future operating loss of up to 35 billion yen for the final financial quarter.
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TAGS: nintendo financials, wii u sales