Satoru Iwata dismisses resignation reports as purely speculation.

[foxtail]

Soundwave said:

Mummelmann said:
Iwata isn't going anywhere. Some are saying he screwed up and perhaps he did, but who the hell would take over?

Did you even know who Satoru Iwata was when he took over as president? Very few people did. No one here really knows who else Nintendo has.

He was the president of HAL laboratories, the company that created Smash Bros, Kirby and Earthbound. - http://www.hallab.co.jp 

The company that got their namesake from trying to be one step ahead of IBM, the letters "H-A-L"  are one letter preceding "I-B-M".  

He was one of the creative minds there and rose to lead the company (HAL) and made an impression on Mr. Yamauchi.