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Here Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffs (hard-drive.net)
submitted 7 months ago by misk@sopuli.xyz to c/games@sh.itjust.works
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[-] Fubarberry@sopuli.xyz 87 points 7 months ago

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.

[-] delitomatoes@lemm.ee 16 points 7 months ago

Japan Airlines CEO took a salary of $1 during the downturn..but it's more of a Japan thing

[-] sugar_in_your_tea@sh.itjust.works 6 points 7 months ago

To be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.

[-] FlorianSimon@sh.itjust.works 4 points 7 months ago

Do they though?

[-] sugar_in_your_tea@sh.itjust.works 7 points 7 months ago* (last edited 7 months ago)

Yes 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.

[-] Saledovil@sh.itjust.works 5 points 7 months ago

It's the alternative to cutting your pinky finger off.

[-] Artyom@lemm.ee -2 points 7 months ago

So you're telling me the CEO behind the Wii U even kept his job? Wild

[-] Fubarberry@sopuli.xyz 5 points 7 months ago

He was also the CEO behind the Wii, DS, and 3DS. So plenty of success besides the Wii U.

this post was submitted on 25 Jan 2024
268 points (91.4% liked)

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