Retired Nintendo President Hiroshi Yamauchi loses $500M

Discussion in 'User Submitted News' started by Feels Good Man, Jul 29, 2011.

  1. Feels Good Man
    OP

    Feels Good Man GBAtemp Advanced Maniac

    Member
    1,643
    19
    Apr 15, 2007
    Canada
    http://www.bloomberg.com/news/2011-07-29/n...e-in-stock.html
     


  2. Nathan Drake

    Nathan Drake Obligations fulfilled, now I depart.

    Member
    6,192
    2,150
    Jan 2, 2011
    Why do we care? All I got out of this is "rich Japanese guy is slightly less rich."
     
  3. DeMoN

    DeMoN GBAtemp Guru

    Member
    7,649
    100
    May 12, 2004
    United States
    Well to be fair not many stocks are doing well in this economy.
     
  4. 1234turtles

    1234turtles GBAtemp Advanced Fan

    Member
    717
    115
    Jan 1, 2011
    United States
    could this affect nintendo very badly?
     
  5. Nathan Drake

    Nathan Drake Obligations fulfilled, now I depart.

    Member
    6,192
    2,150
    Jan 2, 2011
    This doesn't affect anything. Seriously, it's just one dude with Nintendo shares being less rich. It doesn't matter for anybody except him.
     
  6. Narayan

    Narayan desu~

    Member
    2,921
    825
    Sep 29, 2010
    i wish he could share his money.
     
  7. phantastic91

    phantastic91 GBAtemp Advanced Fan

    Member
    501
    13
    Sep 25, 2006
    United States
    California

    i dont know....i can see him walking back into his ex-office at nintendo headquarters and giving iwata a spanking. =[


    anyways, it could potentially matter since people may see this as a bad sign and even sell more stocks.
     
  8. Nathan Drake

    Nathan Drake Obligations fulfilled, now I depart.

    Member
    6,192
    2,150
    Jan 2, 2011
    The stocks went down in value earlier today, as noted by a previous USN article. Predictably, the guy with an ass ton of stock would have less money. People with less stock just lost less money. It isn't like he is the only shareholder affected by this. It's how the stock market works and is a noted risk when you invest in stock.

    Pouring importance into something that doesn't have any ftw?
     
  9. Rayder

    Rayder Mostly lurking lately....

    Former Staff
    6,613
    130
    Jan 14, 2007
    United States
    USA
  10. Nathan Drake

    Nathan Drake Obligations fulfilled, now I depart.

    Member
    6,192
    2,150
    Jan 2, 2011
    He did great stuff, yes. In the long run though, this is just him being less rich. It affects nobody but him. It isn't important in any sense to anybody that isn't him or isn't directly affected by his money.
     
  11. Midna

    Midna Banned

    Banned
    3,336
    839
    Apr 13, 2008
    Albania
    >The value of Nintendo's stock drop
    >The stocks of a man who has a lot of Nintendo's stocks drops
    > Everyone is surprised
     
  12. RupeeClock

    RupeeClock Colors 3D Snivy!

    Member
    6,377
    853
    May 15, 2008
    Yamauchi has been described as a very hard to approach person, not even too familiar with the nature of the products he was manufacturing at Nintendo, and not the least bit interested in the baseball team that he owns.

    He's strictly a business man, even after leaving Nintendo.
     
  13. Rayder

    Rayder Mostly lurking lately....

    Former Staff
    6,613
    130
    Jan 14, 2007
    United States
    USA
    So, in other words, he's out of touch with the current generation? I can relate.
     
  14. RupeeClock

    RupeeClock Colors 3D Snivy!

    Member
    6,377
    853
    May 15, 2008
    He was out of touch a couple generations ago.
    BBC made a documentary about Nintendo a few years back, featuring parts about former president Yamauchi.
    But the documentary was kept on Google Video, which has pretty much shut down now.
     
  15. SamAsh07

    SamAsh07 GBAtemp Addict

    Member
    2,696
    67
    Jan 27, 2009
    Bosnia and Herzegovina
    Bahrain
    $500m is nothing for that guy, why is this section filled with Nintendo news?? Lol.
     
  16. chartube12

    chartube12 GBAtemp Psycho!

    Member
    3,139
    468
    Mar 3, 2010
    United States

    Did you miss the title of this website? LOL
     
  17. Blaze163

    Blaze163 The White Phoenix's purifying flame.

    Member
    3,769
    789
    Nov 19, 2008
    Coventry, UK
    Why is it every time somebody loses 500 million dollars I'm not the one that finds it [​IMG]
     
  18. koimayeul

    koimayeul GBAtemp Maniac

    Member
    1,342
    116
    Dec 2, 2009
    France
    France
    the awkward moment when the radio plays "you had a bad day" while hes drivin his way home
     
  19. geminisama

    geminisama Metsu

    Member
    1,045
    10
    Jul 17, 2008
    United States
    Oregon
    Oh no, a filthy rich man is just a tad less filthy rich. The poor, poor soul.
     
  20. MEGAMANTROTSKY

    MEGAMANTROTSKY GBAtemp Fan

    Member
    464
    29
    Jun 24, 2010
    United States
    I'd better go find a handkerchief so I can wipe away all of my crocodile tears.