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Here Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffs (hard-drive.net)
submitted 9 months ago by misk@sopuli.xyz to c/games@sh.itjust.works
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[-] Fubarberry@sopuli.xyz 87 points 9 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 9 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 9 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 9 months ago

Do they though?

[-] sugar_in_your_tea@sh.itjust.works 7 points 9 months ago* (last edited 9 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 9 months ago

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

[-] Artyom@lemm.ee -2 points 9 months ago

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

[-] Fubarberry@sopuli.xyz 5 points 9 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
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