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this post was submitted on 25 Jan 2024
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Games
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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
To be fair, many US CEOs take a $1 salary, they just get a ton of stocks instead.
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.
It's the alternative to cutting your pinky finger off.