Nintendo last week surprised many by dropping the price of the 3DS from $250 to $170. It's a move that's expected to have quite an impact on Nintendo's profits. However, Nintendo management is ready to accept responsibility.
Take any entry-level psychology class, and you'll find that Japan conducts business WAY more differently than the US. When US companies are about to go under, CEOs give themselves I nice, fat bonus check and leave all the employees below them adrift. In Japan, CEOs kind of treat their co-workers like an extension of their family and are willing to take hits in monetary income for the sake of keeping the company alive. This speaks for the loyalty and trust these companies have within their corporate structure... I admire that. Way to go, Satoru...
FINALLY! Someone who takes responsibility. I greatly respect the decision that he has made. Not many other people would do that. Too many greedy people busy lining their pockets to bother. Now if only we could convince our government to do that......
[citation][nom]moonshire[/nom]FINALLY! Someone who takes responsibility. I greatly respect the decision that he has made. Not many other people would do that. Too many greedy people busy lining their pockets to bother. Now if only we could convince our government to do that......[/citation]
As opposed to Wall St. bankers, who fubared the economy and their companies and still demanded the bailouts and their bonuses.
[citation][nom]Phishy714[/nom]If only American companies were this way. Instead, we give out bigger and bigger bonuses to our CEO's with bailout money for completely wrecking our economy in the first place.[/citation]
respect for this dude. cares enough for his company and workers to take responsibility and cut his pay like that. I dont think Ive heard of something like this, the rich executives making big cuts but not 1 employee is cut. If only executives in other giant companies did such things.
[citation][nom]Aoster87[/nom]At least GM has repaid the government.[/citation]
No they haven't, actually. There is still alot of heat going around about GM and it's "repayment" claims.
But this is a very clear example of just how much better managed a japanese company is compared to a similar american one. I can't recall the source(but I'm sure I can find it if desired) that a Japanese CEO makes 16x the salary of the "typical" worker. American CEO's frequently make over 300x the wages of a typical worker... Americans, in general, are just greedy, power hungry individuals, that want as much as possible, with zero to no effort involved. True, that is basically what everyone should want(the best compensation possible for their time, skills, and effort.. But seriously?), but with our "system" currently running the way it does, it allows for extravagantly outrageous abuse. Just another failure, on the belt, of the US.