<i>Barron's</i> names Iwata one of top 30 CEOs

Financial magazine recognizes Nintendo chief as one of the world's best; company resurgence, stock price increase cited as reasons.

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The resurgence of Nintendo as a force to be reckoned with in gaming can largely be attributed to the decisions made at the top. While creative guru Shigeru Miyamoto certainly deserves a lot of credit for the turnaround, it was Nintendo CEO, Satoru Iwata, who was instrumental in the company's new direction, focusing on the mass market with the "Touch Generation" line of games and hardware.

Financial magazine Barron's has taken note of Nintendo's rising stock and named Iwata one of its top 30 CEOs in the world, putting the 47-year-old on par with Apple's Steve Jobs, News Corp.'s Rupert Murdoch, and Berkshire Hathaway's Warren Buffett. The list is not ranked.

To be considered for Barron's list, CEOs had to be in their post for at least three years (Iwata became Nintendo's CEO in 2002). The magazine touts the "strikingly innovative" Wii and Brain Age: Train Your Brain in Minutes a Day as reasons for Nintendo's 82.5 percent rise in stock over the last year and quotes Iwata as saying, "We are not fighting against other companies--we are fighting against ignorance of video games."

Discussion

106 comments
n2Deepeth
n2Deepeth

I wish I had a lot of Nintendo stock before the DS became so popular. Also, Fil0403, you need to read more carefully - the journalist attributed the turnaround to the "Touch Generation" line of games and hardware, which started with the DS years ago.

Fil0403
Fil0403

Turnaround? Did these people gone mad? Crazy? The Wii is on the market for less than 6 months and it's not even the leader. I'll love to see what these people say in 3 years, when the hype has gone down, games stopped releasing and the Wii is the least sold console of the 3, LOL.

theKSMM
theKSMM

That's some illustrious company for Iwata to be in. NIntendo certainly deserves praise for their amazing (and almost overnight) reversal of fortunates. The DS and the Wii are forces to be reckoned with in our industry.

wiidominance
wiidominance

By: matrixman2k "And i was blaming this guy for their failures in the past... Even though the old porn guy hiroshi transformed the company from porn-card game to what it was... still... this guy didn't do too badly anyway. Enjoyed them being in the end credits of the games..." nice one there ... that last bit....

Digital-Hero
Digital-Hero

Nintendo is doing good for themselves I just hope Wii will avoid Gamecube and N64 game droughts. So far I am enjoying my Wii.

matrixman2k
matrixman2k

And i was blaming this guy for their failures in the past... Even though the old porn guy hiroshi transformed the company from porn-card game to what it was... still... this guy didn't do too badly anyway. Enjoyed them being in the end credits of the games...

ahyumifan
ahyumifan

Satoru Iwata is a magician. He will bring back the Glory days of nintendo once again... well he actually already did!!

MrPuzzlez
MrPuzzlez

Thanks to Iwata, My Fiancee' and her daughter play Clubhouse Games on my DS and I have to get it away from them so I can have a little playtime!

tomgowen
tomgowen

They took a calculated risk, and it paid off big time. Good on Nintendo. Now, if they can just figure out how to get production levels up enough to meet demand...

Dust24311
Dust24311

Thats a sweet quote at the end. I have major respect for Iwata's view on gaming.

Mikael_S
Mikael_S

Always nice to see people like Iwata that are trying to make video games more accepted and to appeal to more casual gamers. congrats!

zsc4
zsc4

Congratulations Satoru Iwata, he deserves it :)

kavadias1981
kavadias1981

@Teknocack Poor Sega, they just didn't get a break after after the Mega Drive (Genesis) did they.

teknocack
teknocack

"John_of_Fire They couldn't compete so they adapted. Great job! Many companies would have pushed on doing the same old thing until they were extinct. Iwata deserves a lot of credit. " Mmmmmmm....who could that have been? Could it have been ..........SEGA?!(spoken in the manner of the Church Lady from SNL)

John_of_Fire
John_of_Fire

They couldn't compete so they adapted. Great job! Many companies would have pushed on doing the same old thing until they were extinct. Iwata deserves a lot of credit.

Slash_out
Slash_out

Lordofultima Hasn't this man been congratulated enough? ------ When you deserve it, you never are.

ahyumifan
ahyumifan

WTF!!! they notice that now??? HE IS!!

CT-Link
CT-Link

"We are not fighting against other companies--we are fighting against ignorance of video games." So true...now even my mom knows about consoles like the Wii and DS...thank Mr. Iwata....XD

Sonicplys
Sonicplys

Like I said, Nintendo is PWNING the world.

priestkai
priestkai

Good on him. He really helped pull Nintendo out of hard times.

gatsbythepig
gatsbythepig

Barron's names Iwata, as well they should, I would too

Lordofultima
Lordofultima

Hasn't this man been congratulated enough?

RaiKageRyu
RaiKageRyu

You're not going to buy me with sugar-coated words like that.

s0matic
s0matic

岩田さん、おめでとう~

mpeg3s
mpeg3s

He makes MS and Sony look like FOOLs.

xdr789
xdr789

cancer_777 Nintendo can do what Microsoft is doing, lose money in the beggining and then gradually gain profit. They can use there DS sales money, woudn't you agree?(100 million profit)

JAREDJR
JAREDJR

congratumalations Iwata san

Lasafrog
Lasafrog

Nintendo. Forever synonymous with having a great time. I hope Iwata makes a bazillion yen and is invited to Sony's funeral, just for some beautiful irony.

DS_fan_atic
DS_fan_atic

Satoru Iwata and Steve Jobs together at last :P

puppiemaster
puppiemaster

got to love Nintendo, gaming would not be the same without them, they have expanded the market and seen the future, the future does not have to be blu-ray or hd-dvd, it just has to be FUN

mhder
mhder

"Well he does his job the best He rapes the wallets of Hype intake , morons, and fad idiots. He's a genius" - I thought this article was about Iwata, not Microsoft.

glitchgeeman
glitchgeeman

He deserves it, he has gotten back Nintendo's great reputation back after taking two gens worth of beating.

Ansem_Rev
Ansem_Rev

Well he does his job the best He rapes the wallets of Hype intake , morons, and fad idiots. He's a genius

cancer_777
cancer_777

Takalth its good to see more people with common sense like you. Fanboys love to ignore the fact that Nintendo has survided on the gaming industry alone all the way back to the Game & watch era. Nintendo cant rely on TV sales or Vista sales to keep their gaming branches. Nintendo has been succesful all the gen wars making profits each and everytime, thus allowing them to continue on to the next gen.

aashkii
aashkii

Iwata is pure genius when it comes to business. Sony on the other hand needs to realize that, yeah, it's all about the gameplay and fun rather than horsepower and realistic graphics, as well as copying their rival's system features and innovations.

roadkill431
roadkill431

Nintendo seems to remember what video games USED to be about, fun.

cancer_777
cancer_777

xdr789 First profit is necessary dont blame Nintendo for having the radical idea of actually making a profit with their consoles. BTW just because you think something is true doesnt make it a fact if yout think Nintendo can make a prift for $150 then its your opinion the ONLY fact is that only the production department at Nintendo knows the profti margin per console, not some guy randomly posting at a forum.

comthitnuong
comthitnuong

With the creation of the Wii and DS under him, he should deserve such recognition.

Denjin_hadouken
Denjin_hadouken

"We are not fighting against other companies--we are fighting against ignorance of video games." Indeed. I agree with that quote. Go Nintendo!!

hepcat00
hepcat00

Hooray for Iwata!! I'm so glad I bought stock in NTDOY in 2000.....excellent dividends/capital gains for me!

xdr789
xdr789

This proves is overpriced and Nintendo is bringing the HUGE profits to the bank! All of you know now I was right, $250 is too much for last gen hardware! They could still make profit off of $150 for a Wii

KYOGRE
KYOGRE

Very aspiring Iwata is.

R3DN1N3
R3DN1N3

Excellent job on the part of Iwata, Miyamoto and to everyone else that was involved in helping Nintendo get back on it's feet this generation. They finally realized they didn't HAVE to compete against Sony or Microsoft in order to gain it's former glory. Sony and Microsoft are currently too busy fighting each other and NIntendo saw no need to bring Nintendo into this battle. Not to say they aren't competing, but their strategy is actually a brilliant one. As it stands Sony is beggining to crumble and we might even see them pull the plug on the Playstation this generation. IF that happens we can definatelly start seeing a very competitive Nintendo resurface next gen just like how we all remember it back in the SEGA/Nintendo era......ah good times

Takalth
Takalth

You know, Nintendo didn't turn around, they just accelerated. Look at the profit's made in the last generation instead of the sales numbers and you might be surprised to see how successful the Gamecube was. Sony blew the other two away in sales last gen, but they did so by spending ridiculous amounts of money to persuade companies to produce exclusives for them. Plus, Nintendo's big titles were in-house development for the most part, so they aren't sharing as much of the profit. I'm not saying that Sony didn't have a great business model (what happened?) but you can't determine the success of a company on sales alone.