Former EA Exec Slams Riccitiello $11 Billion Loss

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Former EA Exec Slams Riccitiello $11 Billion Loss
Former EA executive VP of mobile and online, Mitch Lasky, has unleashed a withering attack on current CEO John Riccitiello.

During the attack, Lasky points out that since Mr Riccitiello took over from Larry Probst, " the company has destroyed over $11 billion in market value".

The rest of the diatribe is no less scathing. High - or lowlights - include, "It's been a very ugly scene, indeed. From Spore, to Dead Space, to Mirror's Edge, to Need for Speed: Undercover, it's been one expensive commercial disappointment for EA Games after another. Not to mention the shut-down of Pandemic, half of the justification for EA's $850MM acquisition of Bioware-Pandemic. And don't think that Dante's Inferno, or Knights of the Old Republic, is going to make it all better. It's a bankrupt strategy."

You may recall that EA bought Bioware and Pandemic from U2 frontman Bono's Elevation Partners in October of 2007. This was shortly after John Riccitiello left Elevation subsidiary VG Holdings to become EA CEO.

Lasky's Bizpunk blog via MCV.


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