Marvelous execs take pay cuts in the face of losses

Marvelous Interactive executives have taken a pay cut in response to a bad earnings forecast due to the publisher's low sales figures. Executives will take a 15-17 percent cut in pay, directors will be hit 25-43 percent, while the CEO will take a 77 percent reduction.

What's unclear is if this is a sign that executives are taking responsibility for what happened, or if there simply isn't enough money in the coffers to pay them.

[Via Siliconera]

Marvelous execs take pay cuts in the face of losses originally appeared on Joystiq on Wed, 27 Jan 2010 05:00:00 EST. Please see our terms for use of feeds.