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





Featured Content
Might and Magic Heroes VII Hands-On Preview
Might and Magic Heroes VII
Hands-On Preview
Music of the Year 2014: Day One
Music of the Year 2014
Day One
Final Fantasy Type-0 HD OST
Final Fantasy Type-0 HD OST
Album Review
Kingdom Hearts Tribute Album
Kingdom Hearts Tribute Album
Album Review
Life is Strange: Episode 2 Review
Life is Strange:
Episode 2
Review
Pillars of Eternity Hands-On Preview
Pillars of Eternity
Hands-On Preview
Final Fantasy: Record Keeper Review
Final Fantasy: Record Keeper
Review
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes