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| [Jul 11, 2012, 7:07 pm ET] - Share - Viewing Comments |
GameFront reports a rumor that John Riccitiello may be asked to step down as EA CEO soon after the company's July 30th earnings call, to be replaced by Peter Moore, currently EA COO. They say their anonymous source indicates that this still needs to be voted on, and is not set in stone, but that there is a general feeling of tension at the company amid falling share prices. Just yesterday GamesIndustry International noted comments from Wedbush Securities analyst Michael Pachter saying that Riccitiello is worried about getting fired, which Pachter later clarified as "kidding." Thanks Joao and VG247.
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| 18. |
Re: EA Shakeup Rumor |
Jul 11, 2012, 20:28 |
ASeven |
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killer_roach wrote on Jul 11, 2012, 20:03:
ASeven wrote on Jul 11, 2012, 19:59:
After this something tells me that Pachter will start to hear a lot less insider info from EA. Not to mention he made a cardinal sin for an analyst by saying that, he knows markets react wildly to even the slightest of rumor let alone leaking out a personal discussion with a potential for tremendous repercussions.
Holy crap Pachter, not only you're an unreliable, manipulative son of a bitch you're also a fucking incompetent by being the vehicle of this leak. Why Ricitiello didn't fire him on the spot after learning of a private talk getting public by means of the own analyst EA hires is beyond me. Serious ethical breach here and also a serious professional breach as well.
Pachter doesn't work for EA, although it's very likely that he burned some bridges there. Then again, if it is Moore that takes over, that might be water under the bridge, as I don't think he'd be particularly upset that a loose-lipped analyst forced EA's hand in dumping Riccitiello.
Pachter is their consultant, I believe, at least he mentions EA in his client portfolio, hence he could very well be fired. However I agree with you, if Moore becomes CEO Pachter will be in the good graces of EA again. I also agree with some here, Moore won't make much of a difference at this point, he'll probably run EA as it was ran up to now. |
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