So when the CEO of Nintendo cut his salary due to the poor sales of the Wii U and every American tech writer praised him for it, that was just common practice in Japan?
He voluntarily cut his salary in half. That’s more along the lines of taking responsibility than shoring up the company. CEO pay is a tiny percentage of revenue, despite what lemmy thinks. To make a serious dent, pay would have to be cut across all the C suite, and much deeper.
It’s a different culture altogether, where a job is expected"for life", which also makes it difficult to quit a job. People are literally hiring other people to deliver their resignation notices because it’s impossible to do in person.
This is for full-time “permanent” employees known as 正社員 (seishain). There are cases where a long-term contract worker gains those same protections (I think after 5 years, but I’m not too up on that).
Various other types of employment have their own restrictions and freedoms to varying degrees on both sides, but I’m not super knowledgeable there.
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So when the CEO of Nintendo cut his salary due to the poor sales of the Wii U and every American tech writer praised him for it, that was just common practice in Japan?
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He voluntarily cut his salary in half. That’s more along the lines of taking responsibility than shoring up the company. CEO pay is a tiny percentage of revenue, despite what lemmy thinks. To make a serious dent, pay would have to be cut across all the C suite, and much deeper.
It’s a different culture altogether, where a job is expected"for life", which also makes it difficult to quit a job. People are literally hiring other people to deliver their resignation notices because it’s impossible to do in person.
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People mostly, from what I understand, hire those companies to avoid harassment and trying to be bullied into continuing to work for shitty companies.
It’s hard to get fired as a permanent employee, but not impossible. That said, the idea of “lifetime” employment is definitely not what it used to be.
this doesn’t apply to contractors and part-time employees, AFAIK
This is for full-time “permanent” employees known as 正社員 (seishain). There are cases where a long-term contract worker gains those same protections (I think after 5 years, but I’m not too up on that).
Various other types of employment have their own restrictions and freedoms to varying degrees on both sides, but I’m not super knowledgeable there.
That was several years ago, so surely the water isn’t that hot. Have they tried bringing it to a rolling boil yet?
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Ooh, ‘boil the billionaires’ has a nice ring to it