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EA again in running for Consumerist's Worst Company In America title

Added: 20.03.2013 13:00 | 12 views | 0 comments


FIFA and Battlefield publisher the only game company in consumer affairs blog's annual tournament.

Electronic Arts has again been included in The Consumerist's annual community-voted tournament. Participants were chosen by reader nominations, which were then culled to 32 companies.

The consumer affairs blog has EA in the first round squaring off against ABInBev, the multinational beverage company behind major beer brands like Corona, Stella Artois, and Budweiser, among others.

EA is the only game-specific company appearing in the bracket. Other companies in the running for 2013 Worst Company In America include Apple, Ticketmaster, Wal-Mart, and Bank of America.

If EA comes out on top in this year's tournament, it will be a repeat victory for the company. The Consumerist , knocking out Bank of America in the final round to take home the "Golden Poo" award.

EA CEO John Riccitiello .

From: www.gamespot.com

EA shares tumble after CEO resignation

Added: 20.03.2013 12:27 | 12 views | 0 comments


Shares slumped 8.3 percent Tuesday following John Riccitiello's announced departure from FIFA, Battlefield publisher.

Shares of Electronic Arts tumbled Tuesday, following Monday's announcement that six-year CEO John Riccitiello had from the publisher.

At market close yesterday, EA's stock value was , after news that the executive would leave effective March 30.

The market opens today at 9:30 a.m. EDT.

Riccitiello explained in his resignation letter that EA has "fallen short" of the internal operating plan set one year ago. "EA's shareholders and employees expect better and I am accountable for the miss," he said.

As part of Riccitiello's separation agreement with EA, he will continue to draw a salary for 24 months and maintain vesting of unvested options until Nov. 30, 2013, with those stock options exercisable until Feb. 28, 2014.

According to , Riccitiello's total exit package is valued at around $4.7 million, though this figure could balloon further if EA stock bounces back.

From: www.gamespot.com

John Riccitiellos burning platform moment

Added: 19.03.2013 22:18 | 19 views | 0 comments


EDGE - In August 2007, returning CEO John Riccitiello gathered his fellow EA executives in a Manhattan ballroom for what became known as his burning platform speech, according the Wall Street Journal. That it now bears the name of the infamous internal memo from Nokia CEO Stephen Elop speaks of his speechs ferocity. What was said remains between Riccitiello and his management team, but a look back through our archives suggests that Riccitiellos reign at EA was shaped by rapid reform, acquisitions, and ultimately, it revived the publishing giant in the eyes of the games playing public, if not its investors.

From: n4g.com

EA “Convinced” CEO John Riccitiello To “Resign”

Added: 19.03.2013 21:19 | 9 views | 0 comments


Electronic Arts CEO John Riccitiello has resigned earlier today. EA’s board of directors is still searching for a...

From: megagames.com

Timing of EA CEO resignation 'makes sense' says analyst

Added: 18.03.2013 23:12 | 19 views | 0 comments


Robert W. Baird industry watcher not surprised by John Riccitiello's resignation from Battlefield publisher today, says Peter Moore, Frank Gibeau leading internal candidates to take over.

John Riccitiello's was not an entirely surprising event, according to Robert W. Baird analyst Colin Sebastian. In a note to investors today, Sebastian said the timing of his departure from EA makes sense for a number of reasons.

"EA's controversial CEO John Riccitiello will step down as of March 30 as part of a mutual decision with the board of directors. We believe timing makes sense for a CEO transition at the end of the fiscal year, and ahead of next generation console launches and a strong [second half of 2013] title lineup (Battlefield and EA Sports)," Baird said.

Despite EA's financial challenges, which Riccitiello said were , Sebastian said EA has positioned itself to benefit from the upcoming console transition.

"We believe EA is well positioned for the console refresh cycle, and the company has made progress in building a digital platform and more recently controlling expenses," Sebastian said. "However, we note that inconsistent financial performance, some high profile title flops (e.g., Star Wars: The Old Republic) and employee turnover were issues that impacted the CEO's credibility."

Lastly, Sebastian suggested that current chief operating officer Peter Moore and EA Labels president Frank Gibeau are leading internal candidates to take over as CEO. The EA Board of Directors will also consider external candidates with the the help of a "leading executive search firm." In the meantime, longtime EA executive Larry Probst will lead EA.

From: www.gamespot.com

Timing of EA CEO resignation 'makes sense' says analyst

Added: 18.03.2013 23:12 | 15 views | 0 comments


Robert W. Baird industry watcher not surprised by John Riccitiello's resignation from Battlefield publisher today, says Peter Moore, Frank Gibeau leading internal candidates to take over.

John Riccitiello's was not an entirely surprising event, according to Robert W. Baird analyst Colin Sebastian. In a note to investors today, Sebastian said the timing of his departure from EA makes sense for a number of reasons.

"EA's controversial CEO John Riccitiello will step down as of March 30 as part of a mutual decision with the board of directors. We believe timing makes sense for a CEO transition at the end of the fiscal year, and ahead of next generation console launches and a strong [second half of 2013] title lineup (Battlefield and EA Sports)," Baird said.

Despite EA's financial challenges, which Riccitiello said were , Sebastian said EA has positioned itself to benefit from the upcoming console transition.

"We believe EA is well positioned for the console refresh cycle, and the company has made progress in building a digital platform and more recently controlling expenses," Sebastian said. "However, we note that inconsistent financial performance, some high profile title flops (e.g., Star Wars: The Old Republic) and employee turnover were issues that impacted the CEO's credibility."

Lastly, Sebastian suggested that current chief operating officer Peter Moore and EA Labels president Frank Gibeau are leading internal candidates to take over as CEO. The EA Board of Directors will also consider external candidates with the the help of a "leading executive search firm." In the meantime, longtime EA executive Larry Probst will lead EA.

From: www.gamespot.com


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