This will be brief since Perry Rod over at marketrap.com has already covered this news bit quite nicely in his article entitled Outrageous: Electronic Arts Inc CEO Riccitello Buys His Own Company and Closes it Down Two Years Later.

It’s absurdly ridiculous that this situation has gone without legal review. How this is remotely legal is well beyond my understanding. EA is laying people off left and right (several of my friends have been effected by these layoffs) and EA’s stock prices have plummeted. Yet, John Riccitello is pocketing a huge executive salary AND paying himself (plus his friends and previous business associates) bonuses by buying up his old companies. CEO of the year? EA to be the next Enron? Ridiculously despicable.

PS: I don’t really want him to die… it’s meant to be said in the voice of South Park’s Cartman and was inspired by an episode titled “Scott Tenorman Must Die”.