In early 2014, video game company Nintendo released its nine-month financial results.

In the period ending December 31, 2013, its earnings and profits were down by 8.1 percent and 30 percent respectively. Nintendo’s president and CEO, Satoru Iwata, announced that he would implement a personal 50 percent pay cut for 5 months in recognition of the poor results. Other board members would take a pay cut of between 20 and 30 percent.116 Do you think more CEOs and board members should follow this example? Explain.