JR pwns joo EA lolololol!

[ohmisunao]

"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

Comments

[cromulator]

Well, a lot of people knew this when he started as CEO. He's an acquisitions guy.

Yeah, his compensation really bugs me. I don't think there's even been talk of cutting executive pay yet.

[van]

Ugh. I really don't know how people like that live with themselves. @_@

[kixies]

Sucks about the pay, but I wonder if he knew that the company was going downhill and basically sacrificed them. If the company was going to go bankrupt anyway it'd suck, but it sounds like they only did badly after the sale :(!

[ohmisunao]

Yeah I really don't know if he bought the companies (Pandemic, Bioware) because they were awesome or because he had a stake in them? I mean this could be just a symptom of the failing economy.. or it could be something more underhanded... I have a feeling JR might get investigated on this point though.

[thereallink]

Lame CEO is lame. Gotta love corporate greed even in the gaming industry.

Worth posting this again...

[mackys]

http://www.ribbonfarm.com/2009/10/07/the-gervais-principle-or-the-office-according-to-the-office/