RPGFan


Hiroshi Yamauchi Retires
04.27.05 - 4:56 PM

Nintendo today announced that its long-time president Hiroshi Yamauchi will resign from his position on the company's board of directors, effective June 29th. He will continue to serve as an adviser. Yamauchi who has led Kyoto-based Nintendo for more than 55 years as president, announced he would not accept his retirement bonus estimated to be worth between 1 billion ($9.44 million US) and 1.5 billion yen ($14.16 million US). He explained that given the industry's current state, a huge cash of current assets was a must for any company. Hence, he wanted Nintendo to use the money to prepare itself for future challenges.

Serving as company president since 1949, Yamauchi stepped down in 2002 and handed the top post to his successor Satoru Iwata.


Back
Chris Winkler





Coming Up on Twitch

Back To The Future
May 1 • 9:00am PDT/12:00pm EDT

Final Fantasy IX PC
May 8 • 9:00am PDT/12:00pm EDT

Persona 4 Golden Continues!
Every Monday • 5:00pm PDT/8:00pm EDT

Grandia II Continues!
Every Wednesday • 2:00pm PDT/5:00pm EDT

Featured Content
Nioh Hands-On Preview
Nioh
Hands-On Preview
Bravely Second: End Layer Review
Bravely Second:
End Layer
Review
The Walking Dead: Michonne: Episode Three Review
The Walking Dead: Michonne: Episode Three
Review
Retro Encounter 13: NieR ~ Final Thoughts
Retro Encounter
13: NieR
Final Thoughts
Imperial SaGa OST Review
Imperial SaGa
OST Review
Retro Encounter Episode 13-2: NieR
Retro Encounter Episode 13-2: NieR
Podcast
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter