Nintendo cuts CEO salary in half

After the company’s stock hit a six-year low yesterday, Nintendo executives are feeling the heat.

Satoru Iwata, global president and CEO of the game giant, effectively fell on his sword for the 3DS’s lagging performance, today announcing he felt a “very great responsibility” for the situation and would be taking a 50 percent salary cut.

Read more at Variety’s Technotainment blog

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