Nintendo president Iwata and Mario creator Miyamoto take pay cut due to sputtering Wii U

By Nintendo’s admission, the Wii U is struggling. As a penance, Nintendo president Satoru Iwata revealed he will take a pay cut.

To show he’s serious about turning around Nintendo’s performance, Iwata has cut his own pay in half. Mario creator Shigeru Miyamoto, meanwhile, will receive a 30 percent pay cut. Seven other Nintendo executives will also see their salaries drop by 20 percent. All of these reductions will go into effect in February and will last through June. At that point, the company will reassess the situation depending on the publisher’s financial performance.