Technology @lemmy.world fart_pickle @lemmy.world 1 yr. ago

Unity CEO John Riccitiello is retiring, effective immediately

arstechnica.com Unity CEO John Riccitiello is retiring, effective immediately

Former EA CEO will be replaced in interim by James Whitehurst from IBM/Red Hat.

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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144 comments

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."
Pisses me off that CEOs never get fired for their bullshit and get to "retire" or "resign" like they didn't just make the most boneheaded decision that severely hurt the company.

There really needs to be some organizational structure where the CEOs have the power to make the decisions they make, but the employees have the power to punish and fire them when they do shit like this. No golden parachutes for them!
Former EA CEO will be replaced in interim by James Whitehurst from IBM/Red Hat.

Is that better or worse?
Tell me again why these hacks get paid so much for "taking risks" when they never end up being fired? I have not seen a single CEO officially fired from a company for driving it into the ground. They always "choose" to retire after fucking up the entire thing and collect a fat paycheck for doing so.
They treated a game engine company like a Silicon Valley startup. It's a limited customer base. It was never going to scale. Dummies.
It's a start.

Now do the Board who chose an EA CEO with his track record to lead Unity and stood behind this until finally forced by the consequences of his actions to push them out.

Certainly and after what happenned, merelly pushing out one guy in the nicest, most career protecting way possible, isn't sufficient to restore my trust in Unity as a platform on top of which to base my business.
I'm excited to know where that money hungry pos is going next 🤔
death to Unity long live Godot
Is that.. the guy from EA?

This explains lot!
Too late, I wouldn't trust Unity from this point on. Spend tons of time and effort only to have it all yanked away. Screw that!
Urrespective of all the other BS, why was the CEO also president of the board?

The role of the board is to supervise the executives.
Unity is dead, but at least one guy made it out like a bandit.
pops the golden parachute

"Later, bitches!"
Wow he only had to tank the company before his 50m worth of EA ownership became a problem...
Do not let the door hit you on the way out.
Fucking capitalists
Why do we call it "retiring" when we all know he'll be CEO of some other company in 2 months?
Good riddance, but idk if this is a case of too little too late
Yeah, after burning down something popular, he get off without any repercussions (aside maybe a big bag of cash) and is likely to go find the next successful thing to burn it down, to get another big bag of cash.

Can we purge these people out once they failed everywhere?
inb4 he gets a job at fucking blackstone inc or something lmao
Out with the old guy and in with the new guy. No change to the incentive structure. I wonder if things will turn out differently this time?

I hope Unity users will get to continue to use the tool they have spent so many hours learning. I also think the industry should try to make things more CEO proof.
Presumably with a generous severance package and pension.
Yeah, yeah, I assume he got like 4727928 bazillion golden parachute or some bullshit
The-Senate lookin ass
lol
Push clause.
The guy looks soulless!!! Good riddance!!!
global reaction
Good.
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