To say there's controversy regarding Electronic Arts in the gaming community would be a profound understatement, but if you were to sit in on a company board meeting you'd hear a completely different perspective. EA chairman Larry Probst, during a stockholders meeting, answered a few questions on potential leadership changes regarding CEO John Riccitiello today. Long story short, EA is comfortable with the status quo for the foreseeable future.
Extrapolating on his comments, Probst provided the following quote:
"The Board has a very high level of confidence in John and the management team. They've done a really good job of exceeding their operating plan in the last two fiscal years. We think the strategy is spot on going forward and we have a high level of confidence they will execute well against that strategy."
Of course, if the EA board was actually considering replacing Riccitiello then a shareholders meeting would be the last place they'd announce or even allude to it. Rumors of an imminent removal of Riccitiello, followed by a promotion of COO Peter Moore are louder than ever.
"At this point in time, there is absolutely no plan to replace John as the CEO. We have a high level of confidence in both him and the management team."
Unfortunately the gaming community at large may not share Mr. Probst's confidence. Still, what do most gamers now about the business world, especially at the level of management Probst and Riccitiello are at? Ironically, this distance between the two, the gaming community and the board room, is likely the source of the problem in the first place.
Thanks to tekmosis for the tip!