Square Enix recently posted losses and lowered forecasts across the board. Sleeping Dogs shipped 1.5 million units, but it wasn't enough to bolster the publisher's bottom line, and former management seems to have lost faith in the company's ability. Former Square Co. boss Hisashi Suzuki commented on Twitter that the merger of Square Enix back in 2003 has been a "complete failure."
He added in his own disappointment with the current management, saying, "There's no vision for the future."
Suzuki pointed out that the total value of Square Enix as a publicly traded company has still not been able to exceed the value of the publisher before the merger. He noted the high development costs which have been dragging Square Enix down, but hopefully the publisher will get some relief in that area soon, as it recently signed a long-term deal with Epic to use Unreal Engine 3 and 4.
Suzuki was president of Square from 2000 to 2002, and he was intimately familiar with the merged company, having served as director at Square Enix from 2003 to 2005. He is now a director at Sega.