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.
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?
They have to try reducing or eliminating the costs at the upper levels before trying to fire the wage slaves in Japan, so yes.
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.