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Soundwave said:

A legend. That's the only way to describe his impact.

He had a stranglehold on the video game market and forced publishers and developers to stay exclusive to Nintendo by threatining that they wouldn't be able to publish games on Nintendo consoles.

Additionally, he made it so only a couple of games could be published on Nintendo consoles per year, forcing developers to create additional publishing companies, paying more money for additional publishing rights to Nintendo, in order to get more games out per year.

He's the reason why Squaresoft didn't release anything for Nintendo comsoles from 1997 through most of 2002. 

Some legend.