Very few CEOs in the business world are generous enough to help out a rival company when it’s going through a bad time -- John Riccitiello, the CEO of Electronic Arts, is not in that select group of generous CEOs.
Mr. Riccitiello recently
explained to attendees at the Dow Jones-Nielsen Media and Money conference in Manhattan, that his company’s effort to buy Take-Two Interactive Software was a way "to help that company get through what has been an uneven profit experience." Please forgive me for being cynical, but I doubt that Mr. Riccitiello’s motives for buying Take-Two had anything to do with helping a company out during an "uneven profit experience."
Read More: EA - Hardly a Generous Corporation