misk@sopuli.xyz to Games@sh.itjust.worksEnglish · 8 months agoHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netexternal-linkmessage-square49fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netmisk@sopuli.xyz to Games@sh.itjust.worksEnglish · 8 months agomessage-square49fedilink
minus-squareFubarberry@sopuli.xyzlinkfedilinkEnglisharrow-up0·8 months agoIt 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.
minus-squareArtyom@lemm.eelinkfedilinkEnglisharrow-up0·8 months agoSo you’re telling me the CEO behind the Wii U even kept his job? Wild
minus-squareFubarberry@sopuli.xyzlinkfedilinkEnglisharrow-up0·8 months agoHe was also the CEO behind the Wii, DS, and 3DS. So plenty of success besides the Wii U.
minus-squaredelitomatoes@lemm.eelinkfedilinkEnglisharrow-up0·8 months agoJapan Airlines CEO took a salary of $1 during the downturn…but it’s more of a Japan thing
minus-squareSaledovil@sh.itjust.workslinkfedilinkEnglisharrow-up0·8 months agoIt’s the alternative to cutting your pinky finger off.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up0·8 months agoTo be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up0·edit-28 months agoYes 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.
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.
Do they though?
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.