Reggie or Iwata - Who is the real president of Nintendo?

This is a response to some of the comments on "Message to Nintendo" by SilvStreak of YouTube, as well as most videos involving Reggie Fils-Aime.

I have recently been reading several accusations directed towards Reginald "Reggie" Fils-Aime, most of them stating that he was the one responsible for the cancellation of several Nintendo franchises, including F-Zero and Earthbound/Mother, as well as the "murder" of several other franchises to make room for more Mario, Legend of Zelda, and Wii-specific games. However, I doubt he has that kind of power within Nintendo.

From Wikipedia:
"Reginald "Reggie" Fils-Aime (pronounced /ˈfiːzɛmeɪ/) (March 1961) is President and chief operating officer of Nintendo of America, the North American division of the Japan-based video game company Nintendo.^[1][2] Prior to his promotion to President and Chief Operating Officer, Fils-Aime was Executive Vice President of Sales and Marketing. He gained celebrity status among gamers following his appearance at Nintendo's May 2004 E3 press conference.<sup>[3]"

Note that it says "President and chief operating officer of Nintendo of America". I don't see how he could have any sort of power over what is going on in Japan, never mind which franchises survive and which ones fall.

I believe it was mentioned in Nintendo Power that Satoru Iwata is the current President of Nintendo, after</sup> Hiroshi Yamauchi, and would obviously have more control over the company than Reggie. Wikipedia can once again back this up:

"Satoru Iwata (岩田 聡, Iwata Satoru^?, born December 6, 1959) is the fourth president and CEO of Nintendo, succeeding the long-standing previous president of the company, Hiroshi Yamauchi in 2002. He was responsible in great part for defining Nintendo's strategy both before and during the release of its Nintendo GameCube video game console in 2001, a vision which helped Nintendo generate a forty-one percent increase in sales at the end of the 2002 fiscal year.^[1]

Barron's Magazine named Iwata one of the world's top CEOs, due mostly to the Wii, Brain Age sales, as well as a soaring stock.^[2]"

I believe quite a few people might need to apologize to poor Reggie. He's been through quite a lot of abuse at your hands.

Sources:

Reggie Fils-Aime: http://en.wikipedia.org/wiki/Reggie_Fils-Aime

Satoru Iwata: http://en.wikipedia.org/wiki/Satoru_Iwata