Did Nintendo CEO take a 50% pay cut?

Yes, Nintendo's former CEO, Satoru Iwata, famously took a 50% pay cut for several months in 2014 (and also in 2011) to avoid layoffs and boost employee morale, showing leadership responsibility during tough financial times for the company, especially with the Wii U struggling. Other Nintendo executives also took smaller pay cuts (20-30%) during these periods.

Did Nintendo CEO cut salary in half?

Nintendo CEO once halved his salary to prevent layoffs, and it worked—why that's so uncommon today. Former Nintendo president, Satoru Iwata. As sweeping rounds of layoffs rock the tech, media and finance industries in 2024, some video game fans are thinking about former Nintendo CEO Satoru Iwata.

Did Dan Price really cut his salary?

@workmemesoffical Dan Price, CEO of Gravity Payments, made headlines when he raised the minimum salary for all employees to $70,000 per year. To fund this bold business decision, he slashed his own salary by $1 million, sparking debates in entrepreneurship, business growth, and employee retention strategies.

Which former Nintendo CEO chose a 50% pay cut over firing his staff?

In 2014, after the Wii U struggled in the market, Nintendo's CEO, Satoru Iwata, made a powerful and thoughtful decision to support the company's employees during tough times. Instead of resorting to layoffs to cut costs, he took a bold step by reducing his own salary by 50% for the entire year.

Why did Satoru Iwata cut his salary?

In 2014, rather than laying off employees to cut costs, Iwata voluntarily halved his salary for six months. He believed that laying off staff would negatively impact morale and the company's long-term potential. This act of leadership and accountability gained him widespread respect in the gaming industry.

Nintendo Just PAID THE PRICE For Their Greed...

Is Gravity Payments still paying 70k?

In September 2019, Price issued an additional increase of $10,000 to all employees in the Boise office, with salaries increasing every year until 2023, when it would reach $70,000. In August 2022, the company's minimum salary was $80,000 per year.

Does steam take a 30% cut?

Yes, Steam takes a standard 30% cut of game sales, but this can decrease for very high-earning games, dropping to 25% after $10 million and 20% after $50 million in revenue, providing developers with a tiered revenue share. While many developers find it a fair exchange for the platform's services (hosting, payments, marketing, etc.), others argue for lower rates, with the 30% cut being the common industry standard for digital storefronts. 

What CEO paid everyone $70,000?

Dan Price slashed his own $1.1 million CEO salary so that everyone at his company would earn a minimum of $70,000 a year. He made the change after learning one of his employees was working full-time but couldn't afford rent. Critics called him naive and said that his company Gravity Payments would go out of business.

What did Iwata pass away from?

Satoru Iwata, the former President and CEO of Nintendo, died at age 55 on July 11, 2015, from complications related to a bile duct tumor (cholangiocarcinoma) discovered in 2014, after a tumor removal surgery, but the cancer returned. He was a beloved figure in the gaming industry, known for leading Nintendo through the success of the DS and Wii consoles.
 

Who is the no. 1 richest CEO in the world?

Highest Paid CEO in the World: Elon Musk is the highest paid CEO in the world with earnings around $23.5 billion. Following him are other big names like Tim Cook of Apple, Sundar Pichai of Alphabet (Google's parent company), Jensen Huang of Nvidia, and Reed Hastings of Netflix.

Who still pays $7.25 an hour?

Employers in states that haven't set their own higher minimum wage, or have set it at the federal level, still pay $7.25/hour, including states like Alabama, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, New Hampshire, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Wisconsin, and Wyoming, though few workers actually earn this due to local laws or employer choice, as many states have higher rates and local ordinances often mandate more, notes OnPay. 

Who is the highest paid CEO in salary?

The highest-paid CEO title shifts depending on the year and reporting source, but recent data for 2024-2025 shows leaders like Elon Musk (Tesla), Alexander Karp (Palantir), and Hock E. Tan (Broadcom) at the top with massive stock-based compensation, alongside others like Satya Nadella (Microsoft) and Brian Niccol (Starbucks) earning significant amounts, often exceeding $100 million annually through stock options and performance awards rather than just salary. 

Are Gravity Payments still in business?

Yes, Gravity Payments is still in business, operating as a credit card processing and financial services company for small businesses, despite past leadership controversies involving founder Dan Price, who temporarily resigned but later returned as CEO. The company offers payment solutions for in-store, online, and mobile use, maintains a focus on small businesses, and continues to provide services with 24/7 customer support. 

Which CEO has a $1 salary?

It might sound uncanny, but it is true: CEOs and former CEOs from major tech companies have or had salaries of just $1. Yes, Elon Musk (Tesla), Jeremy Stoppelman (Yelp), Larry Ellison (Oracle), Meg Whitman (HP), and Steve Jobs (Apple) earn or earned paychecks of just one dollar a month. Don't believe us?

Why is Nintendo stock crashing?

Nintendo's stock has fallen due to investor concerns over rising memory chip costs impacting Switch 2 profitability, potential hardware price hikes, US/EU holiday discounts, a perceived gap in first-party game releases, ongoing US trade tariffs, and general market normalization after the initial Switch 2 launch hype, creating short-term uncertainty despite strong underlying performance, say analysts. 

What is Walmart's CEO salary?

Walmart CEO Doug McMillon's total compensation in his final year (Fiscal Year 2025/Calendar 2024) was around $27.5 million, primarily from stock awards, with a $1.5 million base salary, as he retired at the end of January 2026. While McMillon's compensation was significant, Walmart's new global CEO, John Furner, will take over, with his pay structure including a base salary and large equity awards, alongside other top executives receiving multi-million dollar packages.
 

What is Iwata's most famous quote?

11 Memorable Satoru Iwata Quotes

• “On my business card, I am a corporate president. ...
• "Of course, it is valuable to devise an offshoot of a current idea. ...
• "'It's a lot of fun! ...
• "I've never once been embarrassed that children have supported Nintendo. ...
• "In our business, too often people with a fresh idea don't have a chance.

Why did Iwata take a pay cut?

Iwata voluntarily halved his salary in 2011 and 2014 as apologies for the poor sales while other members of the Nintendo board of directors had pay cuts of 20–30 percent. This also served to ensure the job security of Nintendo's employees, preventing workers from being laid off in order to improve short-term finances.

Who took over after Iwata?

On September 14, 2015, after the death of Iwata in July 2015, Kimishima was named company president of Nintendo.

What CEO gave his employees 1.4 billion?

Here are his 3 secrets to being a great boss. Delta Air Lines CEO Ed Bastian was 25 when he first got on a plane. Since then, he's become one of the most admired CEOs on the Fortune 500.

Why do CEOs pay themselves $1?

A one-dollar salary is a method used when a business executive or government employee wishes to work without direct compensation, but must receive a salary above zero to legally distinguish them from a volunteer.

How did CEO pay get so high?

But the stock market at the time was going up a lot. And the higher the market got, the more those options were worth. It meant that the value of the pay packages of a lot of CEOs was, essentially, automatically increasing every year.

Who owns 50% of Valve?

Gabe Newell, co-founder and president of Valve, owns the majority stake, reportedly slightly over 50% (around 50.1%), of the privately held company, though exact figures aren't public. Employees also hold significant ownership through stock, as Valve is known for its unique employee-ownership structure, with Newell consolidating control after Mike Harrington sold his share in 2000.
 

What is the #1 sold game?

The #1 best-selling video game depends on how you count: Tetris leads with over 520 million copies across all versions (including mobile), while Minecraft is the best-selling single title, with over 350 million copies sold, according to Guinness World Records. Grand Theft Auto V is a strong contender for single-platform sales, while the Mario franchise is the highest-selling franchise overall. 

Do 72% of devs think Steam is a monopoly?

Yes, a November 2025 survey by Rokky found that 72% of game industry executives surveyed believe Steam acts as a monopoly in PC game distribution, with many studios relying heavily on the platform for over 75% of their revenue, despite other stores like Epic Games Store and GOG existing. While some analysts debate the technical definition of a monopoly, developers feel functionally dependent due to Steam's dominant market share, features, and audience, even as they use other platforms.