Here Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffs
Here Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffs
After a thorough investigation we’ve compiled a list of gaming industry CEOs who reduced their own pay in an effort to curb the number of…
Here’s the list:
This isn't even a joke. The article doesn't actually show a list or anything. It's 2 paragraphs and they just say they compiled a list. I dunno if the article itself is an Onion-like satirical joke or just fucking awful.
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.
So you're telling me the CEO behind the Wii U even kept his job? Wild
He was also the CEO behind the Wii, DS, and 3DS. So plenty of success besides the Wii U.
Fun fact, the layoffs result in the executives (and in the case of giant companies like Microsoft just higher ups in general) getting massive bonuses.
It also tends to increase the stock price and dividend payout.
I hate websites like this, I'm reading the article, and as I scroll through reading it, it starts to talk about something closely related but not quite the topic of the article, then it gets further and further from the point.
Then finally you realise it's just feeding a bunch of DIFFERENT articles to you, making them look like they're just subsections of the first article.
Especially as the first article seems to be incredibly short and ends abruptly without including the one bit of content they said they'd include, and there's no reasonable separator or footer or spacer or anything to separate the article from the next one.
Eventually you realise they've wasted your time and duped you and you vow to never look at that website again, but christ, it's annoying.
Just in case no one bothered to check: This website is satire. The list is not there, because that's the joke. Not a good one but, oh well.
If you don't believe me: From the About section:
Hard Drive is a very real video games news site that you should not question. Just absorb the information as truth and move on. JK it’s satire don’t ban us.
We should be giving even more respect to the ones that kept their own salary reasonable in the first place so that a pay cut wasn’t necessary.
Hmm...Costco? And maybe one of those home improvement places like Rona or something? I think there are at least a few...
Costco
I miss Iwata-san
Truly inspiring. This is what real leadership looks like!
Lmao
The understanding of CEO pay is childish around here. Back on reddit I ran the math on American Airlines for giggles. If the CEO took $0 pay, every employee could enjoy a .03 raise.
Are they overcompensated? My instinct says hell yes. But the math almost always shows that it's a drop in the bucket. And my "gut feeling" means nothing when the market says, "We think he's worth $X million a year." Fuck my feelings. If that's what the company wants to pay, that's their prerogative.
It's funny how we used to bitch about sports stars making mad bank, and somehow, we just all forgot to complain. Also, when the billionaire pitchforks come out, I've never once seen Taylor Swift's name come up. Huh.
Lemmy likes to pretend that CEOs do nothing because their vast experience tells them that McDonald's is far harder work. The CEO can make or break the whole company. Company values and culture flows down from the CEO. How many times have we seen a foolish CEO cost a company 10's of millions?
How many times have we seen a foolish CEO cost a company 10's of millions?
And how many times have we seen them still get golden parachutes and continue to be successful in life?
They aren't the problem, but they're a symptom. It makes sense that people are angry towards them.
There's also the fact that the amount they make (plus business culture in general) is going to be creating and reinforcing a God complex in them. I often wonder if a lower salary for CEOs would actually result in them being better decision makers. What if their kids went to the same school as their customers' kids?
People of all political ideologies say they want their political leaders to be "in touch" with everyday people; why would we want business leaders to make so much money that they wouldn't even have to look at an everyday person if they didn't want to?
Would be funny if the list was empty
List of Lemmy users that actually read the article:
Woah, that looks like the same list of Redditors who don’t read the article!
I mean, it's (probably after this message) fewer words than this articles comment thread.
However you can add me to your list. But you won't.
Absolutely awful website. Cram more garbage on the page please...
