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I wonder if this will result in the shareholders holding the ex-EA CEO accountable for destroying their revenue stream.

[-] PM_Your_Nudes_Please@lemmy.world 50 points 1 year ago

Good luck. If the SEC hasn’t already started building a case against him for insider trading, then nothing is going to happen to him. He’ll get a golden parachute and scurry off to ruin some other company.

[-] CookieOfFortune@lemmy.world 7 points 1 year ago

I think he might autosell his stock so that wouldn't be insider trading, but since of the board members might.

[-] p03locke@lemmy.dbzer0.com 1 points 1 year ago

Ha, yeah, that defense worked so well for Martha Stewart.

[-] AdmiralShat@programming.dev 13 points 1 year ago

This was a board decision, not the CEO as an individual.

They are all equally resonate and if they fire him it's to save face and kick him as a scape goat

Going to need proof of that.

In nearly every company, CEO makes the plan. Board wants a process and results. CEO is the one who spearheads it.

[-] Ryantific_theory@lemmy.world 10 points 1 year ago

I think you mean a nice golden parachute to reward them for taking the heat, so they can swap in a new expensive face to implement slightly less unpopular fees.

The American dream.

[-] Varyag@lemm.ee 10 points 1 year ago

Why, it was THEIR idea in the first place.

Yes, it was their genius idea, if it worked. Must be blamed on somebody else if it does not work.

this post was submitted on 23 Sep 2023
710 points (99.0% liked)

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