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

Chrono Cross
All Week • 5:00pm PDT/8:00pm EDT

Deus Ex: Mankind Divided
Aug 28 • 9:00am PDT/12:00pm EDT

Skies of Arcadia Continues!
Every Monday • 5:00pm PDT/8:00pm EDT

Star Wars: KotOR Continues!
Every Tuesday • 10:00am PDT/1:00pm EDT

Featured Content
Editorial: Final Fantasy VI: Falling in love with classic games
FFVI: Falling in love with classic games
Editorial
Final Fantasy XI Priceless Remembrance Review
Final Fantasy XI Priceless Remembrance
Review
Pillars of Eternity: The White March Parts I and II
Pillars of Eternity: The White March Parts I and II
Review
Final Fantasy Brave Exvius OST Review
Final Fantasy Brave Exvius OST
Review
Rhythm Encounter Episode 27: Foliage Ocean in St. Louis
Rhythm Encounter Episode 27: Foliage Ocean in St. Louis
Podcast
Random Encounter Episode 115: The Compliment Sandwich
Random Encounter Episode 115: The Compliment Sandwich
Podcast
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter