Was waiting for someone to bring that up. Yeah yeah, too little too late and all, but amidst all the gag-inducing praise for EA's contributions to the industry, that resignation letter at least contained some admission of failure coupled with the words, "I am 100 percent accountable." If nothing else, it's more than I think any of us expected of him.LetalisK said:I'm gonna be honest, I figured he'd be the last person to hold himself accountable.
I would say "Good on him for that", but he waited so long to do it that it seems more like faint praise.
Except that with all their "Digital revenues" their profits are tanking. I guess they are learning real fast that short profits aren't worth long losses.Adept Mechanicus said:Ding dong, the witch is dead. I don't think this is going to lead to a massive shakeup in corporate policy. A CEO is elected by the shareholders, after all.
He could have VERY easily have said some bullshit story about, "Pursuing other interests", or whatever BS story that every other CEO in the world makes up when he gets ousted. And no board in the universe wants to get dragged into a pissing competition with a former CEO and suddenly make all their customers (And more importantly, investors) squeamish. He could have tried to save face, and he would have absolutely gotten away with it. Instead, he actually said that he screwed up, and taken responsibility when he didn't have to. In this day and age, that is AMAZING, and I can think of no other CEO who has done that sort of thing, and plenty of CEO's have screwed up just as badly or worse then him. Sure, I understand your opinion of him being low: Mine still is. But this was a honorable move, and I at least respect that.faefrost said:If you don't believe that the board came to him and said "Time to go" than I have a bridge to sell you in Brooklyn. He hasn't taken accountability for anything in years. he didn't now. It's just less embarrassing for all involved than to say "We fired his ass".piinyouri said:Respect to the man for taking accountability.
CEOs are often held accountable (rightly or wrongly) for a company's financial troubles anyway. I think the size of his severance package will be a better indicator of how accountable he feels for EA's financial shortcomings.Xanadu84 said:He could have VERY easily have said some bullshit story about, "Pursuing other interests", or whatever BS story that every other CEO in the world makes up when he gets ousted. And no board in the universe wants to get dragged into a pissing competition with a former CEO and suddenly make all their customers (And more importantly, investors) squeamish. He could have tried to save face, and he would have absolutely gotten away with it. Instead, he actually said that he screwed up, and taken responsibility when he didn't have to. In this day and age, that is AMAZING, and I can think of no other CEO who has done that sort of thing, and plenty of CEO's have screwed up just as badly or worse then him. Sure, I understand your opinion of him being low: Mine still is. But this was a honorable move, and I at least respect that.faefrost said:If you don't believe that the board came to him and said "Time to go" than I have a bridge to sell you in Brooklyn. He hasn't taken accountability for anything in years. he didn't now. It's just less embarrassing for all involved than to say "We fired his ass".piinyouri said:Respect to the man for taking accountability.
Their share price fell off of a cliff in 2008 and has never recovered. The pressure will have built after all these years.bafrali said:Well that came out of nowhere. Is EA really doing that badly right now? I know Dead Space 3 has sold a bit below expectations but... I wonder if he was pressured into resigning.
And we have a winner. This was a move to please shareholders, and should NOT be taken as a sign of significant change until it happens. Chances are good that the EA under Riccitiello is going to be the same EA without him: Bullshit and all.Comando96 said:Some interesting financial news:
http://www.rttnews.com/2079106/electronic-arts-inc-ea-is-rising-after-ceo-steps-down.aspx
Market forces will dicide this guys legacy.
A companies share price will rise when a poor CEO resignes.
EA's share price has risen.
Hey...Slayer_2 said:The rats are fleeing the ship. Hopefully now they will learn and fix their mistakes before they sink it completely.
John is... cool... kind of... Not really.Comando96 said:Hey...Slayer_2 said:The rats are fleeing the ship. Hopefully now they will learn and fix their mistakes before they sink it completely.
Don't insult rats.
Rats are cool