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EA Shakeup Rumor

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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29. Re: EA Shakeup Rumor Jul 12, 2012, 03:38 Devinoch
CJ_Parker wrote on Jul 11, 2012, 21:08:
Mashiki Amiketo wrote on Jul 11, 2012, 20:38:
Sounds like "whoops moment." Watch for a market dump tomorrow.

What? If investors do actually believe that Riccitiello is at fault for the falling share prices then EA's stock will rise tomorrow, not fall. The stock market is all about expectations, rumors, potentials and what-if shit. Why the hell would there be a "dump" tomorrow? There will only be a dump if the general sentiment out there is that Moore will suck harder than Riccitiello.
And depending on the circumstances Pachter could be in pretty deep shit because leaking inside knowledge that might either positively or negatively affect the share prices usually ends in legal action against the source of the leak.

Pachter is an incompetent jackass, and people still keep talking to this guy... why exactly? Seriously, go back and look at his "predictions" and you'll see he's pretty much like any other analyst... wrong a whole hell of a lot of the time. But he's also against game developers unionizing, and frankly, if there's any industry that SHOULD unionize, it's the gaming industry. And yet this stuffed shirt analyst thinks people who make games are paid too much money? Tell you, Mike... I'll take what you make in a year, and you take what I make, and we'll see how it works out for both of us...
Cliff "Devinoch" Hicks
Host of the Starlight Society Podcast
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