misk@sopuli.xyz to Games@sh.itjust.worksEnglish · 8 months agoHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netexternal-linkmessage-square55fedilinkarrow-up1237arrow-down123
arrow-up1214arrow-down1external-linkHere Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffshard-drive.netmisk@sopuli.xyz to Games@sh.itjust.worksEnglish · 8 months agomessage-square55fedilink
minus-squareFubarberry@sopuli.xyzlinkfedilinkEnglisharrow-up76·8 months agoIt wasn’t this year, but I remember when Satoru Iwata and a bunch of other Nintendo executives took pay cuts when the Wii U was underperforming rather than laying off workers. So it does happen, just not very often with most companies.
minus-squaredelitomatoes@lemm.eelinkfedilinkEnglisharrow-up14·8 months agoJapan Airlines CEO took a salary of $1 during the downturn…but it’s more of a Japan thing
minus-squareSaledovil@sh.itjust.workslinkfedilinkEnglisharrow-up5·8 months agoIt’s the alternative to cutting your pinky finger off.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up3·8 months agoTo be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up2·edit-28 months agoYes they do. Here are a few: Mark Zuckerberg Jack Dorsey Larry Page Even those with a “typical” CEO salary usually get far more compensation through stocks (e.g. Costco’s CEO). Salary isn’t the interesting figure here.
It wasn’t this year, but I remember when Satoru Iwata and a bunch of other Nintendo executives took pay cuts when the Wii U was underperforming rather than laying off workers.
So it does happen, just not very often with most companies.
Japan Airlines CEO took a salary of $1 during the downturn…but it’s more of a Japan thing
It’s the alternative to cutting your pinky finger off.
To be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
Do they though?
Yes they do. Here are a few:
Even those with a “typical” CEO salary usually get far more compensation through stocks (e.g. Costco’s CEO). Salary isn’t the interesting figure here.