The Wii U isn't doing as well as Nintendo had hoped. Someone must take responsibility! That someone is Nintendo president Satoru Iwata—as well as other Nintendo execs.
According to Nikkei, Iwata is having his pay cut in half due to Nintendo's poor performance. Other company directors will get pay cuts between 20 and 30 percent. The reduction in salary begins next month and will go until June. At that point, Iwata is quoted as saying, a salary decision will be made depending on how things go.
As previously forecasted, the Wii U isn't meeting Nintendo's sales expectations for the year. Nintendo racked up a $15 million-plus operating loss for April to December. From Nintendo's recently released financial statement: