JR pwns joo EA lolololol!
"Today, we are learning that Pandemic Studios, one half of that 840 million dollar acquisition, is being closed down, suggesting that the studio is worthless to EA at this point - only two years following the deal.
According to SEC documents, Mr. Riccitello pocketed up to 4.9 million on that deal, and no doubt helped his fellow co-founders of Elevation Partners walk away making a nice profit on that deal. EA’s shareholders have been left with the bill - and a stock that has fallen 70% since that deal was completed."
http://www.marketrap.com/article/view_article/91171/outrageous-electronic-arts-inc-ceo-riccitello-buys-his-own-company-and-closes-it-down-two-years-later
The welfare of 1500 employees and countless stock-holders is nothing as long as I have a cool 4.9mil in my pocket! :D
According to SEC documents, Mr. Riccitello pocketed up to 4.9 million on that deal, and no doubt helped his fellow co-founders of Elevation Partners walk away making a nice profit on that deal. EA’s shareholders have been left with the bill - and a stock that has fallen 70% since that deal was completed."
http://www.marketrap.com/article/view_article/91171/outrageous-electronic-arts-inc-ceo-riccitello-buys-his-own-company-and-closes-it-down-two-years-later
The welfare of 1500 employees and countless stock-holders is nothing as long as I have a cool 4.9mil in my pocket! :D