WON:Bushiroad execs take paycuts, no jobs lost(NJPW/Stardom)
May 30, 2020 6:28:25 GMT -5
Mozenrath likes this
Post by HMARK Center on May 30, 2020 6:28:25 GMT -5
Not linking directly to the Observer since this from the newsletter itself, but apparently as of 5/27 and through the next five months Bushiroad executives across their various companies and brands are taking 15%-95% pay cuts to ensure they don't have to fire anybody. Bushiroad is a big company in the world of tabletop gaming, but also owns both New Japan and Stardom, so obviously this applies to them, as well.
It does say that in numerous departments that regular employees will be facing some salary or bonus cuts, so it's not like everybody's coming out unharmed because of this or that this is a pure act of benevolence by a major corporation (no word on any wrestlers seeing pay cuts, figure we'd likely hear about it from the English-speaking members of the NJPW roster in some capacity), but the very notable part in all of this is that Bushiroad is, you guessed it, a publicly traded company and accountable to stockholders. In spite of this, they did not resort to furloughs and layoffs.
I know part of that feels like a cultural difference with regards to how businesses operate (also, "publicly traded" does have a different operating meaning in Japan than in the US), and in fairness to WWE they are also apparently cutting executive compensation to some level, but it's at least nice to see that nobody lost their job in this case, and that once they're able to run shows again, which should hopefully be around July, things can get back to something a bit closer to normal.
It does say that in numerous departments that regular employees will be facing some salary or bonus cuts, so it's not like everybody's coming out unharmed because of this or that this is a pure act of benevolence by a major corporation (no word on any wrestlers seeing pay cuts, figure we'd likely hear about it from the English-speaking members of the NJPW roster in some capacity), but the very notable part in all of this is that Bushiroad is, you guessed it, a publicly traded company and accountable to stockholders. In spite of this, they did not resort to furloughs and layoffs.
I know part of that feels like a cultural difference with regards to how businesses operate (also, "publicly traded" does have a different operating meaning in Japan than in the US), and in fairness to WWE they are also apparently cutting executive compensation to some level, but it's at least nice to see that nobody lost their job in this case, and that once they're able to run shows again, which should hopefully be around July, things can get back to something a bit closer to normal.
