- In today’s CEO Daily: Nick Gordon on Nintendo’s astonishing 98% employee retention rate.
- The big story:Netflix to acquire Warner Bros. Discovery studios.
- The markets: Mostly up.
- Plus: All the news and watercooler chat from Coins2Day.
Good morning. When seasoned workers depart, either through layoffs or by seeking superior roles elsewhere, they carry their accumulated experience, potentially spanning many years, with them. Consequently, the organization gradually forfeits its collective understanding.
But what happens when a company excels at keeping its workers?
Nintendo, the prominent Japanese video game developer, serves as an illustration. Its workforce in Japan remains with the firm for an average of 15 years, and the company proudly maintains an annual employee retention figure of 98%. This statistic not only surpasses the typical tenure within the video game sector, which is known for frequent job cuts, but also exceeds the average across Japan. The typical Japanese employee stays with their employer for 11 years; in contrast, the U.S. Average is approximately four years.
TL;DR
- Nintendo boasts an exceptional 98% employee retention rate, with staff averaging 15 years tenure.
- Long-term employees at Nintendo pass down knowledge, fostering innovation and consistent hit games.
- Nintendo maintains its competitive edge in the video game sector despite larger rivals.
“The people who first made Nintendo’s hits are still working at the company,” Keza MacDonald, the author of Super Nintendo, a forthcoming book about the developer, told me recently. “For the last 50 years, these people have been passing down knowledge and training up a new generation of Nintendo creatives.”
Nintendo's leadership, both in terms of business and creativity, has a history of extended service with the firm. The present president, Shuntaro Furakawa, began his career at the company in 1994, working in accounting. Shigeru Miyamoto, the visionary behind popular series such as “Super Mario” and “The Legend of Zelda,”, started his employment in 1977 as a graphic designer.
Companies that depend excessively on accumulated expertise may become rigid. However, Nintendo, as stated by MacDonald, has successfully merged its established knowledge with novel concepts, ensuring a constant stream of enjoyable games: “It’s not like the oldest guy gets to decide what’s a good idea and what isn’t. Everyone puts ideas in.”
Nintendo has experienced its share of unsuccessful ventures, experimental missteps, and questionable corporate choices, much like any other enterprise. Nevertheless, the company has managed to retain its position within the fiercely contested video game sector, contending with larger competitors possessing greater financial resources such as Sony and Microsoft.
A small number of creators who departed Nintendo retain positive memories of their tenure. Lee Schuneman, who previously worked as a game designer for Nintendo and currently holds the position of chief product officer at Efekta Education Group, shared with Our Brainstorm Design attendees this week, “I got to work with some of the most talented game designers in the world, including people like [Shigeru Miyamoto] at Nintendo, and [learn] a whole range of lessons about how to make playful experiences.”
This positive sentiment could stem from Nintendo's ability to sidestep the sector's cyclical ups and downs and its recognition of the skills its employees gain.
Nintendo “is still, to this day, making games differently from everyone else,” MacDonald stated. You can view the remainder of our primary presentations from Brainstorm Design here.—Nicholas Gordon
Contact CEO Daily via Diane Brady at [email protected]
Top news
Netflix to acquire Warner Bros. Discovery studios
It's anticipated that the streaming service and the creator of the Superman and Harry Potter series will shortly reveal an agreement for Netflix to purchase Warner's studios and its HBO Max operations. The WSJ reportsParamount's Skydance leader, David Ellison, made appeals to the White House opposing the transaction, despite Netflix presenting a more favorable financial offer. According to the New York Post.
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$10 billion a week on U.S. National debt
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Poor labor data may have locked in Fed cut
While analysts might not have celebrated this week's uninspiring employment figures, they certainly weren't discouraged by them. Wall Street is hoping for a Christmas miracle following a concluding reduction in the Fed's interest rate, which lowered the benchmark rate to 3.5% from 3.75%, and recent employment figures might have been the deciding factor.
U.S. Lobbied against E.U. Seizing Russian money
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January 6 pipe bomb suspect arrested
Brian Cole Jr., 30 of Woodbridge, Virginia, was the subject of a five-year-long investigation by federal officials.
Wall Street forecasts S&P will hit 7,500
Investment banks are releasing their typically inaccurate yearly predictions for the stock market, with nine institutions offering their conjectures this year. The market will rise about 10% in 2026.
The markets
S&P 500 futures were up 0.17% this morning. The last session closed up 0.11%. STOXX Europe 600 was up 0.18% in early trading. The U.K.’s FTSE 100 was up 0.19% in early trading. Japan’s Nikkei 225 was down 1.05%. China’s CSI 300 was up 0.84%. The South Korea KOSPI was up 1.78%. India’s NIFTY 50 is up 0.55%. Bitcoin fell to $91.4K.
Around the watercooler
How a Texas gas producer plans to exploit the ‘mega trend’ of power plants for AI hyperscalers by Jordan Blum.
Battle for sports betting market heats up as Polymarket announces return to the U.S.By Carlos Garcia.
CEO Daily was compiled and edited by Jim Edwards and Lee Clifford.












