Tuesday, March 19, 2013
O Captain, My Captain
John Riccitiello, CEO of Electronic Arts, resigned yesterday. Effective March 30th, he will no longer be working for the company he steered through tough economic waters. I don’t often say good things about the business side of the industry. Faceless suits, golden parachutes, too many well-published grievances to keep track of; however these are hard times make no mistake. It’s doesn’t take a genius to see the studio’s closing up in droves, to take heed of storms ahead. Riccitiello entered the job trying to develop new IP but the downward trend in the economy worldwide left him with few options. The fact that EA is still doing well economically means that when, if, the economy gets better EA is in a good place to try new things. EA is stronger now than it was then, and after all, isn’t that the best marker for success? Let’s hope the next guy (or gal) does as well.