Despite a rocky few years, Iwata was re-elected as President - Polidicks

[QUOTE]Nintendo president Satoru Iwata has been re-elected to the board of directors at the company's Annual Shareholders Meeting. .... It'll come as a relief to Iwata, as his approval rating from investors has steadily been declining in recent years. It was riding high at 92.9 percent in 2011, but that dipped to 77.3 percent last year. His current approval rating hasn't been announced, but we're working to track it down.[/QUOTE] [URL]http://www.ign.com/articles/2014/06/27/satoru-iwata-re-elected-as-nintendo-president-at-annual-shareholders-meeting[/URL] I personally think this is good news as I like Iwata. Hopefully they can turn the losses around in the future.

Huh.... I always thought Nintendo had a Prime Minister

They probably liked how well their E3 events went so they decided to give him another chance.

Some of the QA from the [url=http://www.gonintendo.com/s/231914-nintendo-shareholders-meeting-question-and-answer-summary-check-out-question-9]stockholder[/url] meeting was just plain vicious: [quote]Q9: I don't know about games, and don't care about game-related questions, but your shareholders haven't said anything about the stock price dropping. What kind of a shareholder meeting is this? Tell me about the business administration. (audience applause) A9: Thank you for your pointed opinion. Shareholder meetings are for us to communicate with shareholders. It's important for shareholders to know what we as a company are doing, and what kind of entertainment we are providing.[/quote] I wouldn't be surprised if he was only reelected due to certain people having a huge number of stocks.

God those shareholders are retarded

That's good. I think Iwata's probably got more character than the CEOs of most other games companies. Shame about his approval rating, but that's probably more to do with the relative failure of the Wii U and a growing stockholder interest in yearly profit increases rather than steady growth, or Iwata himself.

Q5: I want to suggest large screens for children. Also, casinos will apparently be legalized in some places, and many people don't know how to play casino games. How about games to teach them? A5: Thank you for your suggestions. We will take them into consideration. :v

It's as if the shareholders don't know about anything that Nintendo does. Do they not know about the 2DS

I'm delighted to hear this. I like the higher ups at Nintendo, they simply have a charm and appeal that none of the others at Sony and Microsoft have. Plus it also helped that nintendo's E3 presentation this year kicked absolute ass. Damn I picked a good time to get a wii U.

[QUOTE=usaokay;45228667]He had to fight Reggie in order to re-secure his position. [img]http://cdn0.vox-cdn.com/assets/4591943/so-many-punches.gif[/img][/QUOTE] It's going to be a sad day when Reggie steps down as president of the America division. Where on earth are you going to find a president as charismatic as him?

[QUOTE=Sir Whoopsalot;45228919]It's going to be a sad day when Reggie steps down as president of the America division. Where on earth are you going to find a president as charismatic as him?[/QUOTE] They'll probably just go look at pizza hut again.

[QUOTE=Mio Akiyama;45228870]It's as if the shareholders don't know about anything that Nintendo does. Do they not know about the 2DS[/QUOTE] Right?? You'd think that the stockholders would be thrilled to know Nintendo took one of it's flagship devices and made it accessible to little kids! That's huge!

[QUOTE=Chief Martini;45228857]Q5: I want to suggest large screens for children. Also, casinos will apparently be legalized in some places, and many people don't know how to play casino games. How about games to teach them? A5: Thank you for your suggestions. We will take them into consideration. :v[/QUOTE] you can't tell at ALL what industry this shareholder comes from nor the fact he may have misinterpreted "video gaming" as that thing being legalized at bars

[QUOTE=Fangz;45228624]Some of the QA from the [url=http://www.gonintendo.com/s/231914-nintendo-shareholders-meeting-question-and-answer-summary-check-out-question-9]stockholder[/url] meeting was just plain vicious: I wouldn't be surprised if he was only reelected due to certain people having a huge number of stocks.[/QUOTE] They're suits, what do you expect. Same shit is going on in companies like EA.

[QUOTE=Mio Akiyama;45228661]God those shareholders are retarded[/QUOTE] For re-electing him?

[QUOTE=sloppy_joes;45229135]For re-electing him?[/QUOTE] He is referring to the shareholders Q&A session.

[QUOTE=Fangz;45229190]He is referring to the shareholders Q&A session.[/QUOTE] Who cares? They are stockholders, they are interested in making money. Nintendo has been facing continuous revenue declines and has been turning up a loss for the past 3 years. [quote]Q9: I don't know about games, and don't care about game-related questions, but your shareholders haven't said anything about the stock price dropping. What kind of a shareholder meeting is this? Tell me about the business administration. (audience applause) A9: Thank you for your pointed opinion. Shareholder meetings are for us to communicate with shareholders. It's important for shareholders to know what we as a company are doing, and what kind of entertainment we are providing. Q10: The business has produced losses for 3 fiscal years in a row. I want to ask about management responsibility, but is there any outlook for this term 3 months in? A11: Efforts are being made in the expansion of 3DS titles, the utilization of the Wii U GamePad, the sales of strong titles, the amendment of income and expenditure balance, and cost reduction.[/quote] Seem pretty standard.

Here's the thing the Shareholders don't really realize. Nintendo can make the same losses they've made every year for the past five years... For about half a century, while maintaining their market presence and corporate power. Yes, Nintendo's in a bit of a slump right now. But they're in a position where they can afford to be in a slump. The shareholders only see the losses, they don't see how much Nintendo is actually worth. The company's also over a hundred years old... I'm sure they've been in worse financial trouble before.

[QUOTE=woolio1;45230086]Here's the thing the Shareholders don't really realize. Nintendo can make the same losses they've made every year for the past five years... For about half a century, while maintaining their market presence and corporate power. Yes, Nintendo's in a bit of a slump right now. But they're in a position where they can afford to be in a slump. The shareholders only see the losses, they don't see how much Nintendo is actually worth. The company's also over a hundred years old... I'm sure they've been in worse financial trouble before.[/QUOTE] I didn't say that Nintendo will go bankrupt, but stockholders don't like the idea of continued loss, they're basically watching what they invested in wither away. Their stock is worth less than half of what it was 3 years ago and a fifth of what it was in 2008. Nintendo has a large amount of IP under their name, a loyal fanbase, and a history of making good products, yet they aren't able to turn a profit. Why? The stockholders simply want to know the administrative problems Nintendo has. Seems pretty reasonable to me. I realize you guys are emotionally invested in Nintendo in some way, but ultimately if they can't turn a profit then they will need to change their management.