Sick of watching CEOs cashing out while their company — and employees — suffer? So is Nintendo. After slashing the price of the Nintendo 3DS, the company is cutting executive salaries just as ferociously.

Global president and CEO Satoru Iwata announced Friday at a meeting with shareholders that he would be taking a 50 percent cut to his fixed salary as a show of responsibility for the dismal quarterly earnings and failure of the 3DS to catch on. In addition, members of the board of directors are taking a 30 percent pay cut, while other executives will see their paychecks cut by 20 percent.

Read more at Yahoo! Games