When Squaresoft was in its prime during the PlayStation days (oh, just accept it, Nintendo fans), there was no more respected developer as far as Sony followers were concerned. These days, Square-Enix has difficulty getting on the good side of any PlayStation 3 owner, but as a citizen of the world, perhaps they'll get some respect for this…

Financial forecasts suck and stocks just keep falling; even the supposedly recession-proof video game industry is experiencing the backlash of a troubled economy. A lot of big corporations want to try to save money by cutting salaries that aren't their own, but Square-Enix is taking a more noble approach: according to Kotaku, president Yoichi Wada explained how he will take a voluntary 15% price cut, along with the other two directors of the company:

"In recognition of the latest results, we're cutting the remuneration of three executive directors by 15 percent. The three directors are myself, our Vice-President Keiji Honda, and Director and Chief Financial Officer Yosuke Matsuda. This reduction is for an indefinite period. In the meantime, we intend to stand up straight and push ahead with reforms."

Now, one could be pessimistic and say, "well, it's not like any of these guys will be in bread lines any time soon," but perhaps it's better to realize that 15% is significant when you make that much money. And besides, the gesture should be appreciated, even if those hit hard by these trying times may not be so impressed. Either way, it's something that more head honchos ought to do, and at the very least, it's a nod of recognition towards the bad economy.

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ps92117
ps92117
11 years ago

Well the whole entire bad market can be blamed on him so yeah, he would have to drop more money than that if he wants to make it up.

Kevadu
Kevadu
11 years ago

You're blaming the entire recession on Yoichi Wada? OK, seriously, how?

ps92117
ps92117
11 years ago

lol I was afraid someone would say that but no sorry I worded wrong I am blaming SE situation on Wada.

WorldEndsWithMe
WorldEndsWithMe
11 years ago

In similar news, all voluntary pay cuts at SE mean nothing compared to personal takes from MS payoffs.

BikerSaint
BikerSaint
11 years ago

Good, now go funnel your newfound monies into exclusive R&D for the PS3

Fatcat3788
Fatcat3788
11 years ago

Hopefully he will actually notice how much that 15% less pay hurts him and then decide to make some "quality" products.

SuMtOnE
SuMtOnE
11 years ago

i wonder if he needs to get that cut, or he will get replace? jus wonderin

BTNwarrior
BTNwarrior
11 years ago

I would have been happier if they kept the money and kept FF13 ps3 exclusive.

LimitedVertigo
LimitedVertigo
11 years ago

W00h00 the rich gets less richer, pff.

karneli lll
karneli lll
11 years ago

ms's check bounced,sell the company jets

rell
rell
11 years ago

@karneli III yeah M$ check bounced lol

BeezleDrop
BeezleDrop
11 years ago

That's what they get for selling out! jk

Orvisman
Orvisman
11 years ago

Hmmm… Taking pay cuts and then buying Eidos. If SE is hurting enough that they have to take pay cuts, then where is the company getting the money to buy Eidos?

rell
rell
11 years ago

Yeah coughM$cough.

Blaiyan
Blaiyan
11 years ago

%15 price cut lol. Yeah this is something our government officials should be doing.

Orvisman
Orvisman
11 years ago

You have to love how Obama preaches fiscal responsibility to banking and automotive executives then goes out and throws a big D.C. birthday bash for that piece of crap Ted Kennedy.

Can we say hypocritical?

Come on, the economy is tanking and he throws Teddy K. a lavish birthday party with our hard-earned tax dollars. Where is the fiscal responsibily in that?

Obama is just another in a long-line of lying politicians (It's amazing how fast his hair turned gray AFTER the election!) who promises change and just does the same ol' crap every democrat before him has done, tax and spend.


Last edited by Orvisman on 3/9/2009 9:40:35 AM