Nintendo president Satoru Iwata's approval rating is on the rise

Nintendo president Satoru Iwata experienced a rise in his approval rating, a rating determined by Nintendo investors, following his re-election to the board of directors last week, it was revealed.

His approval rating now sits at 80.64 percent, an increase of 3.38 percent from last year's major slump  a 77.26 percent approval rating in 2013. It's worth noting that the Nintendo head received a 90.60 approval rating in 2012 before the company faced major fiscal troubles.

Earlier in the year, Iwata announced he would slash his pay in half following a 30 percent slump in profit over the nine-month fiscal period ending Dec. 31, 2013.

Speaking to reporters at the time, the Nintendo president said he would receive a reduced salary for five months in the wake of the third quarter results. Other Nintendo executives would take a pay cut between 20 and 30 percent. At the time Nintendo's third quart financial results showed an operating loss of just over $15 million following dismal sales of the Wii U.

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