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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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30. Re: EA Shakeup Rumor Jul 12, 2012, 07:04 CJ_Parker
 
Mashiki Amiketo wrote on Jul 11, 2012, 22:55:
CJ_Parker wrote on Jul 11, 2012, 21:08:
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.
That didn't happen the last time. The last time the stock price dumped nearly $3 over a 2mo period, and is down nearly $7 in a 4mo period. Check the market yourself, infact check yesterdays trades, there was plenty of heavy selling with some late day buying of EA stocks up 0.09% in anticipation of tomorrows early buys and later selling.

The last time? You mean the last time they dumped their CEO the stock plummeted? Really? Funny. In my universe Riccitiello has been the CEO of EA for several years now.
 
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