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John Riccitiello, CEO of Unity, the company whose 3D game engine had recently seen backlash from developers over proposed fee structures, will retire as CEO, president, and board chairman at the company, according to a press release issued late on a Monday afternoon, one many observe as a holiday.

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[-] TransplantedSconie@lemm.ee 366 points 1 year ago

Drops a nuke on their stock

"Well, guess my work is done. I'll take my $400 million golden parachute and just step over the pieces of my broken company as I shuffle out to my car. Peace, bro."

[-] baldingpudenda@lemmy.world 186 points 1 year ago

Then 6 months later gets a VP job somewhere else because he "has experience" all the while eyeing another run at CEO.

[-] TornadoRex@lemmy.world 139 points 1 year ago

Nah once they're CEOs they're good. They just go sit on various boards making millions for doing relatively nothing.

[-] gregorum@lemm.ee 66 points 1 year ago

“I just voted to keep employee pay low. Now I have to go fly my private jet around to justify the cost of owning it. Bye!”

[-] baldingpudenda@lemmy.world 14 points 1 year ago

I thought VPs already didn't really do anything, but being on the board and meeting 2 or 3 times a year is definitely less.

[-] NOT_RICK@lemmy.world 9 points 1 year ago* (last edited 1 year ago)

They just go sit on various boards making millions

I am become lizard, sitter of boards

[-] WYLD_STALLYNS@lemmy.dbzer0.com 4 points 1 year ago* (last edited 1 year ago)

Yup, my uncle was a CEO, and his monthly house payment is more than I make in a year… even combining my significant other’s salary. I do not like this timeline.

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this post was submitted on 09 Oct 2023
1004 points (98.5% liked)

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