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

Batman: The Telltale Series Ep. 2
Sept. 25 • 10am PDT/1pm EDT

Skies of Arcadia Continues!
Every Monday • 5pm PDT/8pm EDT

Star Wars: KotOR Continues!
Every Tuesday • 10am PDT/1pm EDT

Deus Ex: Mankind Divided Continues!
Every Thursday • 5pm PDT/8pm EDT

Final Fantasy Tactics Continues!
Every Saturday • 4pm PDT/7pm EDT

Featured Content
Final Fantasy XIV: Patch 3.4 Media Update
Final Fantasy XIV: Patch 3.4
Media Update
Shin Megami Tensei IV: Apocalypse Review
Shin Megami Tensei IV: Apocalypse
Review
Random Encounter 116: Demon Quest
Random Encounter 116: Demon Quest
Podcast
PAX West 2016 - A Chat With Suda51
A Chat With Suda51
PAX West 2016
Batman: The Telltale Series - Episode 2 Review
Batman: The Telltale Series - Episode 2
Review
Retro Encounter 18-2: Valkyria Chronicles
Retro Encounter 18-2: Valkyria Chronicles
Podcast
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter