Following some pretty miserable financial results, Nintendo president Satoru Iwata has said he will take a 50% cut to his salary. For at least the next five months, Iwata will take home half as much money as usual, and other prominent executive staff will see pay reductions as well. Shigeru Miyamoto and Genyo Takeda, will take a 30% pay cut, while other board members will take a 20% pay cut.

The cuts will stay in place until June, when the board will see if it deserves to go back to normal. That will depend not so much on a turnaround in the Wii U’s fortunes – which won’t really be evident until nearer Christmas – but [...]