Nintendo received a heavy blow earlier this moment when it was announced that the company would experience a net loss of 35 billion yen ($336 million). However, in an attempt to soften that blow, company CEO Satoru Iwata announced that he would cut his own salary in half for five months. In addition, all other board members would receive pay cuts ranging from 20-30%.
While Nintendo stock decreased dramatically in response to the original news, it has since mostly recovered, and currently sits on $16.22. Do you think Nintendo will make a full recovery? Make some noise in the comments!
Source: RTE News