Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


Ghost of CEO past: Wada still floating around Square Enix


9:00 PM on 06.28.2013
Square Enix CEO ghostGhost of CEO past: Wada still floating around Square Enix photo



Former Square Enix CEO Yoichi Wada stepped down earlier this year in light of "extraordinary" financial losses, which the company has chalked up to "slow sales of major console game titles in North American and European markets," as well as a "sluggish performance" in the arcade sector. According to Joystiq, Wada appeared, designated "Chairman," on company forms last week.

"Yoichi Wada has left the management of Square Enix Holdings Co., Ltd and no longer has any role in the parent company," the statement to Joystiq reads. "Currently, he is overseeing a portion of the business within Square Enix Co., Ltd (Square Enix Tokyo), one of the subsidiaries of the parent company. These businesses include emerging markets as well as social and mobile businesses."

I guess it makes sense to leave the man who must have okayed the insulting Final Fantasy All the Bravest to oversee the social and mobile markets, right? The letter adds, "he has no authority in terms of the management of the Group."

To me, Wada's legacy will always be insisting Final Fantasy XII star younger leads because Vagrant Story didn't sell well, awkwardly shoehorning Vaan into a Pyrrhic leading role, and marring an otherwise excellent game. Of course, there's also All the Bravest and, after the Eidos acquisition, declaring Tomb Raider, Hitman: Absolution and Sleeping Dogs fiscal failures despite almost 10 million combined sales between the three. 






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.



Review: Final Fantasy Type-0 HD photo
Review: Final Fantasy Type-0 HD
8:00 AM on 03.16.2015






Final Fantasy

3:30 PM on 03.23.2015
More Dissidia Final Fantasy arcade details coming April 10

Square Enix's Final Fantasy-filled PSP fighter is continuing not on Sony's subsequent handheld or, as fans have always wanted, on consoles. Rather, the next iteration is a three-on-three arcade fighter, the cabinet for which...more



9:00 AM on 03.23.2015
Game News Haikus: Battlefield Hardline, Banjo-Kazooie, Final Fantasy XV, and more

Last week we took a break from the usual poetic news recaps to highlight our favorite games from PAX East, but now we are back in the swing of things. You can check out all of the past episodes on the Game News Haikus YouTub...more



3:00 PM on 03.21.2015
Final Fantasy XIV Heavensward & Dead or Alive 5 leads pack of weekend deals

Earlier this week Square Enix began taking pre-orders for Final Fantasy XIV: Heavensward - the upcoming first expansion to Final Fantasy XIV: A Realm Reborn. Releasing later this summer on June 23rd, the game retails for...more



View all Final Fantasy






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more