Why do people treat Square as if it were a company that still exists? It's been almost 10 years since it merged into Enix, almost 8 years since SE absorbed Taito, and almost 4 years since they absorbed Eidos.
Square Enix is the successor of Enix, not Square. The former Square was liquidated and merged into Enix a long time ago, so there really is no "state of Square" to speak of.
You can talk about how Square Enix handled all the former Square properties, you can talk about how many talents went missing after Square became defunct, but you cannot equivalate Square with Square Enix. In terms of corporate structure, Square Enix has a lot in common with former Enix than former Square.
Also, isn't the founder of Enix chairman of the board of Square Enix? He certainly is the largest shareholder and the
de facto owner of the corporation. He probably has more control of the company than say, Yoichi Wada, does.
Here's a post by Aeana: