Slashdot Mirror

← Back to Stories (view on slashdot.org)

Yamauchi Retiring from Nintendo's Board

Posted by CowboyNeal on from the calling-it-quits dept.

terrisus writes "While he had stepped down as President a few years back, Hiroshi Yamauchi had remained on Nintendo's Board of Directors. In June, however, Yamauchi will now be retiring from the Board of Directors as well. He will be foregoing his multi-million dollar retirement package, instead desiring the money be put to work in other places. He will still be a 10% stockholder in the company. It's sad to see him go."

6 of 141 comments (clear)

  1. Re:It is sad by TEMM · · Score: 3, Informative

    The board makes decisions that affect the company directly, while shareholders are only responsible for electing the board of governors.

  2. Domo Arigato ,Mr. YamuchiO! by FidelCatsro · · Score: 4, Informative

    The man who took nintendo from a local playing card company , to a corperate Behemoth of the Gaming world.
    If it wern't for his foresight , it is likely today the only time you would hear the name nintendo , is if for some reason someone read the manufacturing info on a deck of cards during a game of poker.
    http://www.nintendoland.com.nyud.net:8090/home2.ht m?history/hist1.htm
    Thats a nice quick rundown of the history of the company .

    --
    The only things certain in war are Propaganda and Death. You can never be sure which is which though
  3. A Genius by warmgun · · Score: 5, Informative
    Maybe he was responsible for some of Nintendo's Microsoft-esque strong arm tactics with distributors and publishers, but Nintendo is still a very profitable company, despite being #2 or #3 in the console race, much due to his leadership. Can Microsoft say that about their videogames division? Nintendo is going to be here for a long time to come and it's all due to Yamauchi-san. He will be missed.

    Just FYI, did you know he's the largest shareholder of the Seattle Mariners?

  4. Re:Bye Yamauchi by BinaryOpty · · Score: 2, Informative

    Actually, Nintendo took back the card making rights from WotC about a couple of years ago right after the invent of Pokemon-e. (here's a link to a news story)

  5. Re:Non-greedy executive? by Nept · · Score: 4, Informative

    Chief executives at U.S. companies that shipped jobs overseas won a 46 percent pay hike last year, more than five times the average CEO raise. If the U.S. minimum wage had increased as quickly as CEO pay has since 1990, it would be $15.76 an hour instead of the current $5.15. CEO pay overall was 301 times higher than the $26,899 earned by the average production worker. The pay for CEOs who outsource was about 3,300 times the pay of an Indian call center employee or 1,300 times that of an average Indian computer programer.

    Ref:
    Title: U.S. CEOs Who Outsource Get Bigger Pay Hike-Survey
    Source: Reuters
    Author: Andrea Hopkins

    --
    "Teachers leave us kids alone ..." - Roger Waters, Pink Floyd
  6. Re:Yamauchi wants Nintendos to make movies. by Bongo+Bill · · Score: 2, Informative

    I'm not sure where you're coming from to imply that Nintendo's sales are "marginalized" (last I checked, five million DS units sold is not indicative of marginalization, nor is a 37% overall market share), and you must of course realize that although it is a "relatively small company" when compared to Sony and Microsoft, it is certainly not small on any objective scale.

    --
    ...but is it art?