EA CEO John Riccitiello Resigns - UPDATED
- Thread starter Andy Chalk
- Start date
Recommended Videos
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.
https://www.google.co.uk/finance?cid=168725
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.
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:
https://www.google.co.uk/finance?cid=168725
I suspect that as far as EA is concerned, this isn't a good sign.
Ricitiello has certainly had his hands in his share of bad EA decisions, especially where EA's entry into the digital-download space is concerned. But my impression has been for a while that, unlike Activision, EA is less rotting from the head down than pitted with tumors, especially in its marketing, legal, acquisitions and HR departments.
All the usual corporate gladspeak aside, I have a sneaking feeling that JR's departure has less to do with new opportunities and more to do with not being on the helm when the damage stops being possible to hide.
Ricitiello has certainly had his hands in his share of bad EA decisions, especially where EA's entry into the digital-download space is concerned. But my impression has been for a while that, unlike Activision, EA is less rotting from the head down than pitted with tumors, especially in its marketing, legal, acquisitions and HR departments.
All the usual corporate gladspeak aside, I have a sneaking feeling that JR's departure has less to do with new opportunities and more to do with not being on the helm when the damage stops being possible to hide.
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:
I would like to add that Riccitiello's departure comes at a curiously convenient time (the end of Q2 of the fiscal year), along with the usual slapdash game designed to boost revenue haphazardly at the last second (which explains why SimCity launched in its current horrible state).
I'm guessing these events are not coincidental.
While I certainly appreciate change of any sort in EA's leadership, but the fact that he resigns won't mean that anything changes for the customer. In fact, and I sure hope EA is gonna prove me wrong on this in the future, I give him a lot of credit for actually not being responsible for all of this outside of the fact that he didn't say "No." - which would likely have cost him his job. It is not entirely or directly his fault that EA went downhill.
I could even go out on a limb and say that this is just a change of the corporate face to cut off some of the bad PR. It would be reasonable, at this point, even though I - again - sure hope EA proves me wrong on this.
Captcha: moot point
Yep, seems like it.
I could even go out on a limb and say that this is just a change of the corporate face to cut off some of the bad PR. It would be reasonable, at this point, even though I - again - sure hope EA proves me wrong on this.
Captcha: moot point
Yep, seems like it.
A large companies CEO sets the tone and stage for everything that happens below him. They bear responsibility for what they allow to happen, not simply what they do deliberately or have knowledge of. Riciatello's biggest failings was that he never ever stepped in to take steps to tame EA's legendarily bad Customer Service issues. Not even when the company was voted the worst company in the world. That sort of public statement is a clear unequivocal declaration by his customer base that the Customer Service was lacking. The fact that he ignored this and many other similar signs gave free reign to everyone and everything below him to set their own rules. A new CEO and a few well placed high end replacements can quickly turn that sort of corporate culture around. Which more than anything else is one of the key things EA needs to do. (The other is to make a major 180 and start cultivating and respecting the creative teams instead of the marketing teams.)Tradjus said:
I wish I could be happy but I know that very little will change with EA.
Well, I suppose he stepped down in acknowledgement of EA's recent failures, soooo... EA is aware that they've fucked up. I guess that's something to welcome. Too bad they won't learn from said fuck-ups (probably).
Well, I suppose he stepped down in acknowledgement of EA's recent failures, soooo... EA is aware that they've fucked up. I guess that's something to welcome. Too bad they won't learn from said fuck-ups (probably).
Guys remember the old saying guys, "The devil you know is better than the one you don't".
We just found out the last of the bastard's tricks and now there's someone else with a possible all-new repertoire.
We just found out the last of the bastard's tricks and now there's someone else with a possible all-new repertoire.
I did not expect this at all. I did not expect EA to offer a number of awesome, free games to disgruntled sim city gamers either, so maybe leadership has already changed hands. We may be on the verge of a totally new, consumer centric EA. One intent to rebuild its reputation amongst gamers.
Next in line...
Well, it's an improvement.
Honestly, I don't think much will change for the better but I'm open to the possibility of that happening.
Well, it's an improvement.
Honestly, I don't think much will change for the better but I'm open to the possibility of that happening.
The optimist in me hopes that this marks the beginning of EA turning a new leaf and changing its policies for the better. That said, John Riccitiello was just one man. Maybe he was an important one, but I have a feeling that EA's shortcomings over the last few years have been a result of a more systematic incompetencies which are too ingrained into the company to change without a drastic restructuring. I guess only time can tell what will happen now.
Though probably just a coincidence, EA's best years occurred on Probsts' watch. So perhaps Riccitiello stepping down yet again could lead to a positive up-turn for EA.O maestre said:
But really? Who knows. My guess is it'll be "bullshi", err, um I mean, "business as usual" for the next few years.