Tuesday, September 16, 2008

Nintendo outprofit Goldman

"According to calculations by the Financial Times, the average employee at Japanese video games maker Nintendo is on track to earn more for their company this year than than the average Goldman Sachs employee did in 2007, the investment bank's best ever year." - Financial Times

I came across this in Tuesday's (16th Sept '08) Financial Times. To my amusement, they report that Nintendo's employees will potentially create $1.6million per employee head, compared to Goldman Sachs, where each employee are looking to accumulate $1.24million per head.

Nintendo are enjoying the results that investing in widening their consumer scope with the Wii and DS and these profits show that. However, while the the Goldman Sachs average employee took home $626,000, the average Nintendo programmer took home $90,900, with the rest going to shareholders.

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