In lieu of Nikkei’s latest news regarding Iwata and other Nintendo executives taking pay cuts due to financial losses and other company concerns, many individuals, including analysts and industry big wigs, have been suggesting that Global President Satoru Iwata step down from his position and hand over the crown to someone more capable.
As a gamer, I’m personally conflicted with Iwata’s placement as he has brought in more profit than previous Nintendo presidents. Though he does stumble often in other, arguably more important areas, in my opinion, they outweigh the good that he’s done for the company financially. Conversly, he shows so much dedication to his company that he’s willing to cut his own pay for Nintendo’s financial well-being.
For those who are unaware, Iwata was a game maker before becoming president of Nintendo which further explains some of his unorthadox methods related to gameplay and overall hardware infrastructure. Although he lacks business savvy in some regards, former and late president of Nintendo, Hiroshi Yamauchi felt otherwise. Quoted below.
“The reason for Iwata-san’s selection comes down to his knowledge and understanding of Nintendo’s hardware and software. An executive, regardless of his vast successes, is fundamentally an executive, who doesn’t intimately understand our products.” Yamauchi continues, “Within our industry there are those who believe that they will succeed simply because of their successes in other ventures or their wealth, but that doesn’t guarantee success. Looking at their experiences since entering the gaming world, it’s apparent that our competitors have yielded far more failures than successes. It’s been said that Sony is the current winner in the gaming world. However, when considering their ‘victory’, you should remember that their success is only a very recent development. Though Sony is widely held to be the strongest in the market, their fortunes may change. Tomorrow, they could lose that strength, as reversals of fortune are part of this business. Taking into account the things I’ve encountered in my experiences as Nintendo president, I have come to the conclusion that it requires a special talent to manage a company in this industry. I selected Iwata-san based on that criteria. Over the long-term I don’t know whether Iwata-san will maintain Nintendo’s position or lead the company to even greater heights of success. At the very least, I believe him to be the best person for the job.”
In spite of Iwata’s wins or losses, how as a gamer do you feel about Iwata’s position as Nintendo’s global president? Keep in mind that this isn’t the only time that Iwata has taken a price cut. In some ways, it’s honorable that a figure head would rather take a price cut, than lay off employees or sacrifice other areas due to hard times, but how many “please understands” can any fan of the company endure?