Iwata takes 50 per cent pay cut

The Nintendo president told a shareholder meeting today that he was taking responsibility for sluggish 3DS sales, and as such would be drawing a drastically reduced salary. He said: “For cuts in fixed salaries, I’m taking a fifty per cent cut, other representative directors are taking a 30 per cent cut, and other executives are taking a 20 per cent cut.” Iwata’s previous salary was around $2 million.