Riccitiello buys $1 million in EA stock
Said a spokesperson, "John believes that senior executives should be invested in the company." The stock was as high as 54.57 on May 13, the day they reported a $454 million loss in Fiscal 2008. Of course, if he's still confident in the inevitability of the Take-Two takeover, those shares will probably rise a good bit. Speaking of which, the third extension for the Take-Two offer now puts the deadline at June 16.
Reader Comments (Page 1 of 1)
Joeshie @ May 22nd 2008 7:06PM
Motivational posters
They are getting old.
Moffka @ May 22nd 2008 11:34PM
They never seem to lose their effect on me at least. So long as it's actually funny.
EMOruffino @ May 22nd 2008 11:55PM
for a second there i thought i saw Micheal J. Fox
jesterdom @ May 22nd 2008 7:08PM
SECOND
horngreen @ May 22nd 2008 7:13PM
He's obviously never played a recent Madden or Tiger Woods game.
voodoo_craig @ May 22nd 2008 7:19PM
Nope, he's looked at the sales charts instead.
Obie @ May 22nd 2008 8:09PM
Hmmm how is this different from insider trading? Anyone familiar in economics and law care to explain?
HeXetic @ May 22nd 2008 9:25PM
"Insider trading" is when employees (typically board members) of a company make trades based on information not yet available to other shareholders, e.g. if the company is just about to release their financial results and the board members or anyone else acts upon that information before it's gone public (buying shares because the results are great, selling shares because they're terrible), that's illegal.
Obie @ May 22nd 2008 9:41PM
So if the hostile takeover of Take Two happened tomorrow this guy would get a bunch of money?
Hmmmmm.
Korova @ May 22nd 2008 10:47PM
How much of this annual salary is that? Cause it seems like a jesture of submission to shareholders so that they dont kick him out.
koehler83 @ May 23rd 2008 12:26AM
...hate that guy.