So How Much Does Iwata, Miyamoto Make?

[exfileme]

A recent legislation is requiring companies to reveal high-dollar salaries, including Nintendo and Sony.

So How Much Does Iwata, Miyamoto Make? : Read more

 

[figgus]

¥100 million ($770,000 USD)
¥100 million ($1.13 million USD)

Which one is it?

 

[tokenz]

Good to see someone who makes games for peoples enjoyment, not their own greed.

 

[asdf634]

Gotta take my hats off to Nintendo. With all that profits from Wii and DS the big heads' salaries are the least of the bunch.

...wait, so where did all that profit go? R&D I suppose... 3DS FTW!!

 

[djtronika]

to be honest, these numbers were strikingly low considering the billion dollar market they are in. course, these are their "salaries". you'd be very surprised what happens when accountants do tricks.

 

[rbarone69]

People often forget that good leadership is hard to come by and great leadership is very rare. Also I find that people think they can do the job of a CEO but never really understand what knowledge is needed to do the job properly.

If they can lead the company ethically to success they deserve some of that money... If they fail due to their own incompetence, they dont deserve it...

But ask yourself, if an executive keeps a company that's near death alive saving tens of thousands of jobs, do they deserve the million dollar salary they were collecting prior to the problems?

 

[Guest]

No matter how good you are at what you do you'll reach a point past reasonable compensation for actual work done at far, far lower numbers than any of these.

The remainder should be considered compensation for the responsibilities associated with the position itself.

I don't begrudge people these kind of salaries considering what they do, the thing that gets to me is that when you're paid according to your responsibilities you should also have to pay for failing to live up to them.

 

[maxiim]

Seems like he does earn quite a bit less, though Nintendo does not do as much business as PS, or at least it just does not seem like it.

 

[nictron]

Those salaries don't include stock options and dividends from those stocks.

 

[Spanky Deluxe]

Salaries aren't the whole story. Take Steve Jobs for example, his salary at Apple per year is $1. However, he also owns 5.426 million shares in Apple and 138 million shares in Disney giving him a net worth of $5.5 billion. The big boys make their money with dividends etc on their stock. Miyamoto will be no different.

 

[Guest]

I think every CEO in the world needs to be legally restricted at 250,000$ a year. To hell with the lot of you monkey suits.

 

[mikeadelic]

[citation][nom]figgus[/nom]¥100 million ($770,000 USD)¥100 million ($1.13 million USD)Which one is it?[/citation]
$1.13M - www.xe.com shows USD/YEN trading at 0.01129 right now.

 

[CaptainBib]

Nintendo is only a video game company, sony and microsoft have very diverse branches handling many different markets.

The salaries are in line with the company revenue, with Nintendo being the most profitable game company on Earth, but having the lowest total revenue.

 

[orionantares]

[citation][nom]Verdic[/nom]Wii has sold more than PS3, but the PS3 costs more than the Wii so revenue should be higher.
But wait!
Nintendo make a profit on every Wii sold and Sony, only until recently, were making a loss on every PS3.
If you could get a product out of the gate ahead of the competition, slay them in the global sales arena and make green on every unit shifted you deserve a 7 figure salary.[/citation]

The difference between Sony and Nintendo is that Nintendo HAS to make profitable systems to survive. Sony on the other hand, just like Microsoft, is so diverse that they can eat major losses on their systems if it helps them in the long run. Microsoft seemed to succeed with Xbox losses leading into gains from Xbox 360. Sony was hoping the extra cost of their PS3 units that they ate would give them a return down the road by getting all the Blu-ray players out there and trying to drive the use of HD TVs.
Nintendo needs to produce systems that are cost effective and that people will enjoy since Nintendo only does games they can't eat the kind of losses Sony and Microsoft can on their game systems.

 

[andybird123]

[citation][nom]figgus[/nom]¥100 million ($770,000 USD)¥100 million ($1.13 million USD)Which one is it?[/citation]

it's even worse than that too, because by either of those two exchange rates, ¥187 million does not equal $2.11 million USD

it would seem that the writer of this article has absolutely no idea how to use a calculator

 

[arterius2]

^ very true

 

[sliem]

Underpaid of course. But dang that's alot!

 

[Gin Fushicho]

please... why won't any CEO's be happy with 500k a year? =(

 

[Guest]

^ I think he used the I-phone conversion app.
zing

 

[segio526]

In a properly run company (and any company that is making money typically is), you are always bringing in more to the company than they are paying back to you. So even though someone is taking home over $9 million a year, they are under paid. Man, that's over $4,000 an hour!