With Christ-Mass coming around the time bend like an enraged crocodile chasing a handbag maker, it's lovely to be able to say:
Electronic Arts Is Innocent!
What, you didn't even know the world's most enormous publisher of video games was being accused of anything? Well, apparently the mega-uber-company was dragged in front of the U.S. Securities and Exchange Commission (SEC) last September regarding its stock option grant behaviour.
The last time SPOnG can recall reporting on EA's stock options was back in October 2005, when the company removed them from some employees.
On more current affairs, according to The Orlando Sentinel, "EA was among more than 100 companies that have been investigated for backdating stock-option grants to employees."
Well, the SEC has given Electronic Arts the financial and legal all-clear in this case... which is nice, as it agrees with EA's own August 2006 'internal probe'.
There, who says we're always having ago at large, mega-corporations for the sake of it? Well done to EA for not having backdated its staff stock options in order to artificially inflate their value.
You're waiting for us to say something vicious aren't you? Well, just to be bloody contrary... we're leaving it there.
We're certainly not going to quote The Los Angeles Times, which points out that not only has EA been cleared by the SEC but...
"Separately, Electronic Arts said it would close its 150-employee office in downtown Chicago as part of a companywide cost-cutting initiative. Last week, it said it would trim its global workforce by about 4%, laying off about 350 employees. The company plans to consolidate two development studios in England.
"In the last quarter, the company lost $195 million, or 62 cents a share, on $640 million in revenue."
Damn it!
Electronic Arts Is Innocent!
What, you didn't even know the world's most enormous publisher of video games was being accused of anything? Well, apparently the mega-uber-company was dragged in front of the U.S. Securities and Exchange Commission (SEC) last September regarding its stock option grant behaviour.
The last time SPOnG can recall reporting on EA's stock options was back in October 2005, when the company removed them from some employees.
On more current affairs, according to The Orlando Sentinel, "EA was among more than 100 companies that have been investigated for backdating stock-option grants to employees."
Well, the SEC has given Electronic Arts the financial and legal all-clear in this case... which is nice, as it agrees with EA's own August 2006 'internal probe'.
There, who says we're always having ago at large, mega-corporations for the sake of it? Well done to EA for not having backdated its staff stock options in order to artificially inflate their value.
You're waiting for us to say something vicious aren't you? Well, just to be bloody contrary... we're leaving it there.
We're certainly not going to quote The Los Angeles Times, which points out that not only has EA been cleared by the SEC but...
"Separately, Electronic Arts said it would close its 150-employee office in downtown Chicago as part of a companywide cost-cutting initiative. Last week, it said it would trim its global workforce by about 4%, laying off about 350 employees. The company plans to consolidate two development studios in England.
"In the last quarter, the company lost $195 million, or 62 cents a share, on $640 million in revenue."
Damn it!
Companies:
Electronic Arts
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