*Votes Iwata out in favor of Kamiya*
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*Votes Iwata out in favor of Kamiya*
Here For The Free Feed
Member
is gibbo not tweeting the happenings this time?
I don't follow Japanese corporate law to the exact but I think the board at that point would be compelled to select another CEO who would act as interim until the next meeting .
R
Rösti
Unconfirmed Member
It seems that he is not. Whether he's in attendance I don't know.
@LOLDSFAN: That wasn't at the The 73rd Annual General Meeting of Shareholders, it was at the Corporate Management Policy Briefing /Third Quarter Financial Results Briefing on January 30 this year.
StreetsAhead
Member
Last time they talked about wanting to pursue non-wearables.
That was an Earning's Release, not the AGM. Different things.
Could be. I'm not entirely sure either, as I don't think this has really ever happened.
Still, I'm not expecting Iwata to go anywhere any time soon.
Bending_Unit_22
Member
Why'd you have to say that? I hadn't thought of that possibility for over a year (when I gave up hope for an Endless Ocean 3D). I decided I wasn't going to be like a Shenmue fan years later seeing signs anywhere of a third game in that series I absolutely loved and devoured with a small group of people but that few other gamers knew existed.
Well, let's hope.
I believe that was a quarterly meeting and not the annual shareholder meeting which some companies treat as a big presentation and others as a small procedural event.Last time they talked about wanting to pursue non-wearables.
Whoops my mistake.
Did anything happen or get announced at last year's annual shareholder meeting for Nintendo?
Yeah I think the odds of him getting kicked out in this fashion are pretty low.
The shareholders would much more likely just exert huge pressure for him to resign by actively telling Nintendo (in private) that Iwata will be voted out if he doesn't resign prior to the event and I don't think anyone would be crazy enough to go to the event instead of resigning at that point.
Goldenmoney
Member
Anyone know if Iwata is attending?
There was a Q&A session where individuals asked whackadoodle questions.
Mihael Mello Keehl
Banned
He is not hes sick
DeuceGamer
Member
He will miss due to his recent medical issue AFAIK
R
Rösti
Unconfirmed Member
There was some new information about the Wii Vitality Sensor and why it didn't materialize to an actual product.
Here's last year's Q&A if people want to know what to expect: http://www.nintendo.co.jp/ir/en/stock/meeting/130627qa/index.html
Graphics Horse
Member
Indeed, it was the one in Jan/Feb. People need to wait around 1 month for the next meeting where they announce the 3DSi.
It would be interesting to see how they would act. The Nintendo Board has always appeared to be very insular and a bit of a boys club. The vast majority have been at Nintendo for 30-40 years together, and I've always gotten the impression that they are not particularly concerned with share holder opinion. They believe in the "Nintendo Way."
Goldenmoney
Member
Thanks. I knew he had surgery but couldn't remember if he was going to miss the meeting as well.
So we should expect more "Why isn't Mario on mobile?", "How do you plan to support mobile even though you continue to say you won't?" and "Will my iPhone play 3DS games any time soon?" type of questions.
StreetsAhead
Member
Because of the AGM (presumably) they don't have a meeting for the 1st Quarter Release usually. At least, not from what I can tell. We'll still get the figures, but no presentation or Q&A. For that, we'll have to wait until October.
Cbajd5
Member
R
Rösti
Unconfirmed Member
The resolution notice (how the voting went) is usually made available very shortly after the meeting has ended. I believe the meeting is usually an hour long, so we should have some information soon.
Aquamarine
Member
Mr. Iwata is not re-elected as Chairman of the Board of Directors, nor is he re-elected as a member of the Board of Directors.
It sends a strong message to the Board of Directors that Mr. Iwata is no longer welcome as CEO of the company.
But only the Board can remove him of his CEO position, unless Mr. Iwata resigns.
I like how Kotaku always reports on this odd stuff and still manages to get their info wrong half the time.
He won't and he hasn't.
And how would you propose to fix the company from your armchair?
Would you have come up with the Wii? Serious question. That thing made like 10 quadrillion dollars.
Cheesemeister
Member
It looks like this feed is covering the event: https://twitter.com/NStyles
Somebody just asked about gifts for shareholders, a common practice in Japan (Nintendo only does cash dividends). FFS.
Somebody just asked about gifts for shareholders, a common practice in Japan (Nintendo only does cash dividends). FFS.
Holy Order Sol
Member
Everyone in attendance must have an unfuckwithable S-tier poker face.
R
Rösti
Unconfirmed Member
Excellent. Thanks, Cheesemeister.
brandonh83
Banned
If someone asked me questions like that and suggested a proposal on the spot I would absolutely shit my pants.
To me the primary issues Nintendo faces are deeply engrained within the company and will only be fixed by a continued concerted effort to change.
They're slowly walking down that path and really whether it's Iwata helming the ship or his hand picked successor won't change much.
Dropping Iwata would mostly be a move by investors to raise pressure/fear in the next CEO but I don't think it would change much outside of making some investors feel better and getting the company to sugarcoat statements more.
They're slowly walking down that path and really whether it's Iwata helming the ship or his hand picked successor won't change much.
Dropping Iwata would mostly be a move by investors to raise pressure/fear in the next CEO but I don't think it would change much outside of making some investors feel better and getting the company to sugarcoat statements more.
Nintendo should give them all lollipops instead of dividends.
SwiftDeath
Member
Usually I can follow even insane leaps of logic but that one takes the cake
R
Rösti
Unconfirmed Member
Someone asked about Zelda for Wii U, Miyamoto provide a simple answer that it's in development. There was also some laughter.
Please no
He actually bring dem megatons this E3 by giving one of the best Nintendo shows in a while. That brings hope for Wii U.StreetsAhead
Member
GiantEnemyGoomba
Member
Rösti;118432121 said:
Well it didn't get us anything but at least it wasn't about cafeteria food.
