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.
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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.
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.
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.
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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.