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John Riccitiello Leaving EA

John Riccitiello is stepping down from his post as EA CEO effective March 30th, reports Polygon, saying he will be replaced on an interim day-to-day basis by Riccitiello's predecessor Larry Probst as they hunt for a permanent replacement. They have a copy of his resignation letter to the board, which suggests by its tone was requested. "This is a tough decision, but it all comes down to accountability," Riccitiello resignation letter reads. "The progress EA has made on transitioning to digital games and services is something I'm extremely proud of. However, it currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued in January, and we have fallen short of the internal operating plan we set one year ago. EA's shareholders and employees expect better and I am accountable for the miss."

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69 Replies. 4 pages. Viewing page 3.
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29. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:49 Tim Collins
 
EA is burning in flames of hate... was a needed move, thank you board, thank you.

Obviously money talks....
 
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28. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:45 Wolfox
 
Minuit wrote on Mar 18, 2013, 17:23:
MoreLuckThanSkill wrote on Mar 18, 2013, 16:52:
The real question is, how large of a golden parachute is he going to get? I would assume it'll be in the hundreds of millions of dollars.

Not only that, he gets his choice of Battlefield 3, Bejeweled 3, Dead Space 3, Mass Effect 3, Medal of Honor Warfighter, Need for Speed Most Wanted, Plants vs. Zombies or SimCity 4 Deluxe Edition.

That was fantastic timing resulting in a great joke. I salute you, Minuit.
 
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27. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:42 jacobvandy
 
Oh excuse me, I hadn't realized old people should be paid more... Dafuq?  
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26. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:38 Beamer
 
jacobvandy wrote on Mar 18, 2013, 17:25:
Beamer wrote on Mar 18, 2013, 17:09:
but this isn't one of those deals where a guy is walking away with something ridiculous, especially relative to what he was earning.

Get some perspective, dude. Even ignoring the fact we're dealing with millions of dollars here, any job you can work at for 5-6 years and then get 2 years of severance (which BTW, isn't that supposed to be for when you're fired without cause, not quit?) is a job that is way too good for just about anybody. Let alone a guy who apparently wasn't doing it well.

He was fired, hence the "suggests by its tone was requested," and severance is part of a contract. People typically don't want to be CEO without that kind of assurance that they can take risks and ultimately be compensated for their hours and stress.

What people usually don't realize is that there's enormous churn once you get towards the top of the food chain at a company. The expectations are bigger, the politics are larger, and there just ends up being churn. As one of the SVPs I worked with once said, "once you hit VP the clock starts ticking." Severance is to accommodate for that.

2 years salary does not bug me. I got 4 months when I was 23. A 57 year old getting 6 times that doesn't seem unreasonable. The guys that burn larger and get 9 or 10 figures bothers me.
 
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http://www.hydrahead.com
http://www.painkillerrecords.com
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25. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:38 Tumbler
 
Meh, I'd be excited but I have a tough time believing that the culture inside this company is going to change.

Exploit your consumers, Exploit exploit exploit!
 
99gamers.com-Game trading site, PC digital trading!
Kickstarter "Game Developer"!
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24. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:34 nin
 
saluk wrote on Mar 18, 2013, 17:30:
Minuit wrote on Mar 18, 2013, 17:23:
MoreLuckThanSkill wrote on Mar 18, 2013, 16:52:
The real question is, how large of a golden parachute is he going to get? I would assume it'll be in the hundreds of millions of dollars.

Not only that, he gets his choice of Battlefield 3, Bejeweled 3, Dead Space 3, Mass Effect 3, Medal of Honor Warfighter, Need for Speed Most Wanted, Plants vs. Zombies or SimCity 4 Deluxe Edition.

/thread


Yep, Minuit wins the thread. We're done here.

 
http://www.nin.com/pub/tension/
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23. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:34 nin
 
Hump wrote on Mar 18, 2013, 17:09:
John Riccitiello Leaving EA

Good!

<grumpycat.jpg>

 
http://www.nin.com/pub/tension/
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22. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:32 Beamer
 
Minuit wrote on Mar 18, 2013, 17:23:
MoreLuckThanSkill wrote on Mar 18, 2013, 16:52:
The real question is, how large of a golden parachute is he going to get? I would assume it'll be in the hundreds of millions of dollars.

Not only that, he gets his choice of Battlefield 3, Bejeweled 3, Dead Space 3, Mass Effect 3, Medal of Honor Warfighter, Need for Speed Most Wanted, Plants vs. Zombies or SimCity 4 Deluxe Edition.
HAHAHAHAHAHAHA.
 
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Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
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21. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:31 Atomic
 
Minuit wrote on Mar 18, 2013, 17:23:
MoreLuckThanSkill wrote on Mar 18, 2013, 16:52:
The real question is, how large of a golden parachute is he going to get? I would assume it'll be in the hundreds of millions of dollars.

Not only that, he gets his choice of Battlefield 3, Bejeweled 3, Dead Space 3, Mass Effect 3, Medal of Honor Warfighter, Need for Speed Most Wanted, Plants vs. Zombies or SimCity 4 Deluxe Edition.

I don't have too many laugh out loud moments while reading these forums, but this was one of them.

Bravo, sir.
 
Avatar 2718
 
"We don't stop playing because we grow old; we grow old because we stop playing."
-George Bernard Shaw
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20. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:30 saluk
 
Minuit wrote on Mar 18, 2013, 17:23:
MoreLuckThanSkill wrote on Mar 18, 2013, 16:52:
The real question is, how large of a golden parachute is he going to get? I would assume it'll be in the hundreds of millions of dollars.

Not only that, he gets his choice of Battlefield 3, Bejeweled 3, Dead Space 3, Mass Effect 3, Medal of Honor Warfighter, Need for Speed Most Wanted, Plants vs. Zombies or SimCity 4 Deluxe Edition.

/thread
 
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19. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:28 William Usher
 
Quboid wrote on Mar 18, 2013, 17:00:
I really don't think they give a damn about you or me. This is bigger than what annoying little customers are worried about.

We'll never know, but I wonder if the SimCity debacle has anything at all to do with this. Probably not.

Think bigger, Padawan.

They have just under ten days to run enough damage control to get everyone and their mama going "Battlefield 4? Oooooh, that's some new hotness right there!"

What better way to distance yourself from all the bad PR than to have the "face of evil" take the dive for the company and have Lucy Bradshaw make a post or take part in an interview where she's constantly saying "It's all Maxis fault".

In the bigger scheme of things -- and I'm basing this kind of thinking on what their board of directors are possibly planning -- they need to make sure that the EA logo does not infuriate or incite ire when it appears in the Battlefield 4 reveal trailer.

Now if they're really smart, they'll completely forgo adding the EA logo at the end and just have DICE there. Knowing the short attention span of most gamers, they'll say "Well, the SimCity thing was Maxis fault; this is DICE we're talking about, they're not gonna drop the ball".
 
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18. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:25 jacobvandy
 
Beamer wrote on Mar 18, 2013, 17:09:
but this isn't one of those deals where a guy is walking away with something ridiculous, especially relative to what he was earning.

Get some perspective, dude. Even ignoring the fact we're dealing with millions of dollars here, any job you can work at for 5-6 years and then get 2 years of severance (which BTW, isn't that supposed to be for when you're fired without cause, not quit?) is a job that is way too good for just about anybody. Let alone a guy who apparently wasn't doing it well.
 
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17. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:24 jacobvandy
 
Double post..  
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16. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:23 Minuit
 
MoreLuckThanSkill wrote on Mar 18, 2013, 16:52:
The real question is, how large of a golden parachute is he going to get? I would assume it'll be in the hundreds of millions of dollars.

Not only that, he gets his choice of Battlefield 3, Bejeweled 3, Dead Space 3, Mass Effect 3, Medal of Honor Warfighter, Need for Speed Most Wanted, Plants vs. Zombies or SimCity 4 Deluxe Edition.
 
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15. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:23 RollinThundr
 
Beamer wrote on Mar 18, 2013, 17:03:
Darks wrote on Mar 18, 2013, 16:55:
This is a Ruse; EA thinks that if they get this guy to step down, people will lay the blame solely on this guy for all of EAS short coming in the past few years. This nothing but a move to try and get people to have that happy feel good feeling. Sorry EA your Jedi Mind tricks don’t work on me.

Jedi Mind trick? You'd need a mind for that one, eh?

A guy is stepping down from a job he loves and makes millions in. Yeah, there's likely a golden parachute, but when you already have millions more millions don't really help you sleep better after admitting to the entire world that you failed at your job.

There is no Jedi Mind trick here. A CEO just admitted failure. That's not some kind of "feel-good" thing, that's a major admission that the entire company is moving in a bad direction.

Though, I'd argue, a smarter direction than it did under Probst, who was CEO from like '97-07. Riccitiello ruined approximately 0 studios you love (well, I dunno, jury is still out, I guess, on BioWare.) Probst ruined, like, all of them.

Riccitiello had a more careful, delicate hand with studios.

I still think in the case of Bioware it was going that way anyway. Look at their history of games, they're all essentially the same plot, change a character here or there. Bingo Standard Bioware RPG.

EA buying them didn't change that philosophy much.
 
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14. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:22 Beamer
 
RollinThundr wrote on Mar 18, 2013, 17:20:
Prolly the best thing that could happen to EA going forward. It's a shame they can't entice Trip to come back and turn EA back into what it originally was, rather than the hated publisher they've become.

Trip Hawkins, mastermind of the 3D0?

They'll live without him.
 
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Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
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13. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:20 RollinThundr
 
Prolly the best thing that could happen to EA going forward. It's a shame they can't entice Trip to come back and turn EA back into what it originally was, rather than the hated publisher they've become.  
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12. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:20 TurdFergasun
 
google EA stock history from 07-13, better yet ask any semi coherent gamer about what they think of EA. The last ceo whored out everything EA had until they needed to gobble everything they could outside of the company, the current and now ex ceo pumped that status quo so hard it shook the value right out of the company.

Good thing for EA that there's lots of sociopathic psychos on the market in almost any flavour you could want in a ceo, hopefully one with less of a hard on for marketing, and one that's crazy for games instead.

 
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11. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:09 Beamer
 
Ok, he's getting 2 years salary as severance, plus "benefits." All in all not a huge parachute. He was making something like $5-$7 million per year, approximately, but the severance is just salary, so that's about $750,000 per year.

2 years salary, and $1.7MM, isn't enough to make me angry. I mean, it's not like I'm sitting here feeling extremely sorry for him, or thinking employees fighting tooth-and-nail for an extra half a percent raise should, but this isn't one of those deals where a guy is walking away with something ridiculous, especially relative to what he was earning.
 
-------------
Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
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10. Re: John Riccitiello Leaving EA Mar 18, 2013, 17:09 Hump
 

John Riccitiello Leaving EA

Good!
 
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"Both the “left” and the “right” pretend they have the answer, but they are mere flippers on the same thalidomide baby, and the truth is that neither side has a clue."

- Jim Goad
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69 Replies. 4 pages. Viewing page 3.
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