Celebrate good times, come on! Let’s celebrate! Would have been nicer if he got demoted though, wouldn’t wish anyone to loose their job – but he has frustrated me such much with how he has treated EA and our favorite franchise.
Are you in the mood for a whopper of a rumor? Let’s hope, because we’ve got one here for you: anonymous sources tell Game Front that Electronic Arts CEO John Riccitiello is about to be let go, and that current EA Sports boss Peter Moore will step in to take his place. It goes without saying that you should probably take this with a grain of salt (or five), but if this is true, it could mean huge things for Electronic Arts, which has been experiencing some stock price woes recently.
According to Game Front’s sources, Riccitiello was asked to step down from his position at Electronic Arts after the earnings call that took place on June 30. Apparently, the departure of Riccitiello and subsequent promotion of Moore is “not set in stone” yet, as EA’s board of directors still needs to vote on the change. However, tensions are rising at the Electronic Arts offices as the company’s stock price continues to fall.
John Riccitiello has overseen EA since his return to the company in 2007. It was under him that EA-published games began requiring online passes, and he was in charge when the EA Store was relaunched as Origin last year. Riccitiello is no stranger to controversy, as Electronic Arts was named The Consumerist’s Worst Company in America earlier this year.
The rumor comes just a day after Wedbush analyst Michael Pachter stated that Riccitiello had expressed concerns over being fired from the company. Pachter later followed-up by saying that though he was quoted accurately, he was merely kidding around. Perhaps he wasn’t so far off the mark after all?
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“wouldn’t wish anyone to loose their job”
I am sure his severance pay is 10 times more than I will make in my life time. But if this is true how will this guy run EA?
IF he can save it. I think EA is on its last legs. I couldn’t believe my eyes when I saw Pogo advertising for subscribers on other websites. They were so quick to jump on the Facebook bandwagon, and look where it got them. Zynga will eventually go as well.
“Lose”, not “loose” 😛
I’m pleased this is happening (in a way) but it doesn’t ensure things will get better…
Peter Moore is terrible possibly even worse. If you saw what he did to all EA’s Sports franchise’s under his watch you’d know and he also helped kill the dreamcast.
If EA’s stock prices are falling I think we’ve more to worry about than who is being replaced. I’m pretty sure the last expansions are already in production so I’d be more worried about sims 4, if there’s to be a sims 4.
The National Simquirer.
Like I said in the Rumor Post, the devil you know is better then the Devil you don’t. From bad to worse. Well maybe maxis and all the other companies consumed by EA can be their own property again if EA collapses? And we’d get lovable games again…Who knows, change is scary and necessary.
I’ve heard of John, never heard of the other guy though. Whoever he is hope he does a better job with Origin and replaces the Indian Support, as they never understand a thing
It probebly comes to late to make the sims 3 better because there are only 4 more eps left.
So true, Peter Moore could actually be a worse CEO. After all, he is the one who claimed that free to play is inevitable.