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Yamauchi Retiring from Nintendo's Board
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."
"He will be foregoing his multi-million dollar retirement package, instead desiring the money be put to work in other places"
Wow... i'm impressed... when was the last time any other executive ever gave up a multi-million dollar severance package with the advice "it's best spent on something other than me"
what would happen if exec's around the world took this example to heart?
This is not the greatest
Mr. Yamauchi is going and so ends an era. No doubt, for a time Nintendo got too big for their boots although I have little pity when Nintendo originallly screwed Sony way back and made fools out of them.
However times changed, audienced moved on. Sony moved forward, Nintendo stood still. A stream of half baked products didn't help them and the once mighty Nintendo who simply ruled the home console market for so long became part of the past. Of course M$ didn't help much either. Difficult to know what to feel, I always got the impression Yamauchi was a bit an ol' stick in the mud and not a particularly nice person.
He's 77 years old and filthy rich. What the hell does he want 10 million dollars for? He's a competitor, always has, always will be, and now he wants his side to win.