Shareholders can still vote how they vote, and then the board might have to bump Iwata just to save face. That's ALL it would be though, because the next 5 years of the company would all be decisions Iwata made, for one, and secondly there's no-one on the board who actually thinks differently than Iwata as far as we know, since they're all either holdovers from the old Yamauchi days (and those guys are too old to be president) or they were handpicked by Iwata for board membership.
I think the Mario Kart sales result could be enough for him to squeak by on shareholder confidence this year, then hopefully he makes good on that operating profit forecast for next round.

Monster Hunter: pissing me off since 2010.







