EA CEO on the Hot Seat?

A story on Reuters quotes a number of industry analysts suggesting CEO of Electronic Arts John Riccitiello is facing "growing negative sentiment" from shareholders, as EA share value has dropped 70% during Riccitiello's tenure, and fell 8% Tuesday after having risen only 2.7% in the past year. In contrast, Activision's shares rose 17% in the past year, Take-Two Interactive shares rose 35%, and THQ Inc rose 8%. They quote several industry analysts outlining investor concerns, though parting remarks from Wedbush Morgan analyst Michael Pachter indicate he thinks strong March and June quarters will save EA management from the chopping block: "I think their lineup is going to save them."
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15.
 
Re: EA CEO on the Hot Seat?
Jan 14, 2010, 15:00
Kxmode
 
15.
Re: EA CEO on the Hot Seat? Jan 14, 2010, 15:00
Jan 14, 2010, 15:00
 Kxmode
 
starbeam wrote on Jan 13, 2010, 12:43:
EA killed Origin

Anybody that stupid deserves what they get..

They also killed Accolade, Bullfrog, and Westwood.
"Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times." - Those Who Remain by G. Michael Hopf
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14.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 23:18
14.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 23:18
Jan 13, 2010, 23:18
 
...the stockholders have every right to complain.

I didn't say otherwise, indeed, if shortsighted shareholders think going back to selling the annual rehash of Madden or Putting with Tiger Woods is the way to go, I'm all for it. Like I said, for the first time in a decade, EA has titles I'm buying. If they want to go back to shoveling crapware it will only save me money.

This comment was edited on Jan 13, 2010, 23:19.
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13.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 19:18
13.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 19:18
Jan 13, 2010, 19:18
 
It figures - a new CEO tries to fix some of what is so very wrong with EA and the shareholders revolt

It has nothing to do with it. A company fucking up is a company fucking up and the stockholders have every right to complain.
12.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 19:00
12.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 19:00
Jan 13, 2010, 19:00
 
Look at what they've done to Mythic... they've all but killed DAoC.
"We can do this one of two ways. There's the hard way, which involves hours of discussion, tons of negotiation, half a dozen bribes, and no guarantee of success."
"What's the easy way?"
"Liberally placed high explosives."
11.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 18:44
J
11.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 18:44
Jan 13, 2010, 18:44
J
 
I've got my popcorn ready.
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10.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 14:36
10.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 14:36
Jan 13, 2010, 14:36
 
Sometimes, something is so messed up it should just be allowed to die.
Huh? I'm sorry, I was thinking about cake.
9.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 14:12
9.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 14:12
Jan 13, 2010, 14:12
 
It figures - a new CEO tries to fix some of what is so very wrong with EA and the shareholders revolt. Obviously, EA should go back to the same draconian practices that made them the most hated publisher in the business, producing games I wouldn't even steal. Yeah, let's go back to that model, it will save me quite a bit of money.
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8.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 13:21
8.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 13:21
Jan 13, 2010, 13:21
 
I don't hate EA, but they did make a bunch of dumb decisions; closing good studios, missed the wii opportunity, killed off some good franchises, etc. Not surprised.
7.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 12:43
7.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 12:43
Jan 13, 2010, 12:43
 
EA killed Origin

Anybody that stupid deserves what they get.. Wall

This comment was edited on Jan 13, 2010, 15:49.
6.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 12:39
6.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 12:39
Jan 13, 2010, 12:39
 
Shit. Getting the thumbs up from Michael Pachter is about as much of a death warrant as a coach getting the "Vote of Confidence" from a professional sports franchise owner.

That said, I fail to understand what Ricieieetleletelelo is still doing having that job. His tenure has been a nightmare for EA. And sure, he's tried to bring some new IPs to market, for which we as gamers probably should be grateful, but then again, this is the same assclown that transformed EA into a giant pit of fucking misery in the first place.

So, byebye John! I'm sure your 80 million dollar golden parachute will keep you and your family fed for a few months.

Creston
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5.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 12:23
5.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 12:23
Jan 13, 2010, 12:23
 
I can't see Disney shareholders being willing to spend billions more in cash to buy EA after already spending $4B to buy Marvel, especially since they'd be buying a company that's bleeding rapidly. I think by the end of this year, the focus will be on Activision because I think the only thing that's going to keep them from going deep in the red this year is WoW Cataclysm. All their other cash cow franchises are going to dry up this year (many are already calling the music game genre a dying one which Activision banked heavily on.) I think Bobby Kotick is going to end up looking more the fool this year for having no forward vision and simply riding the temporary wave of good luck he tripped and fell backwards into.

Have to say though, I bet Riccitiello is glad he didn't end up spending that $2B he wanted to buy Take-Two with.
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4.
 
Re: RE: Disney
Jan 13, 2010, 11:16
nin
 
4.
Re: RE: Disney Jan 13, 2010, 11:16
Jan 13, 2010, 11:16
 nin
 
Yeah, it's all over the place:

http://www.fool.com/investing/general/2009/09/22/after-marvel-whats-disneys-next-buy.aspx

http://www.latimes.com/business/la-fi-ct-predictions28-2009dec28,0,3539110,full.story

http://www.businessinsider.com/disney-should-buy-electronic-arts-says-analyst-2009-8

edit:
and remember its failed hostile bid in 2008 for Take-Two.

I'd actually managed to block that out. That was a riot to watch...

This comment was edited on Jan 13, 2010, 11:21.
3.
 
RE: Disney
Jan 13, 2010, 11:03
3.
RE: Disney Jan 13, 2010, 11:03
Jan 13, 2010, 11:03
 
I posted a Disney move a few days ago, I predicting EA getting bought out by Disney in 2010. The share holders are DEMANDING higher prices for games & a lot more crappy ports in general.../S
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2.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 10:35
nin
 
2.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 10:35
Jan 13, 2010, 10:35
 nin
 
"I think their lineup is going to save them."


I think Disney is about to make a play.


1.
 
Re: EA CEO on the Hot Seat?
Jan 13, 2010, 10:16
1.
Re: EA CEO on the Hot Seat? Jan 13, 2010, 10:16
Jan 13, 2010, 10:16
 

Oh noes! Is having a Draconian policy of making money at the expense of the product and the customer, along with one of the most heinous PR and customer support reputations in the industry, finally catching up with EA?

Say it ain't so!

-Jn-
Ifriti Sophist
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