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If I were president of SE, I would say to Nomura "Make playable demo for the pubic at a game expo, or face cancellation ". Seriously ,Wada was way too soft on Nomura.
Eh, no thanks....
In all seriousness, unless you have direct access to Square Enix's internal affairs, you can't say for sure what the factors of Versus's constant delays are.
Isn't Square Enix run also by a board of directors? The president is only one of those members.
I neither support nor criticize Wada in my post. I'm just saying we ought not to draw conclusions without all the information. I'm also agreeing with you that Versus needs to show up soon. No more delays, seriously. Now whether or not Square Enix will listen (hardly) is another issue.