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Unity CEO John Riccitiello 'retiring' from company weeks after pricing controversy (www.eurogamer.net)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 33 points 11 months ago (1 children)

Good. Whoever thought he would be a good CEO at Unity should also be fired. Time to clean house and promote people who have a fucking clue.

[–] [email protected] 20 points 11 months ago* (last edited 11 months ago) (1 children)

Pretty sure that's these people, right?

https://i.imgur.com/hVeDn48.png

Edit: Actually this guy signed onto Unity in 2014 Unity was still privately held. It went public in September of 2020. Unity's founder, David Helgason is still on their board and served as some sort of Senior Executive whatever position at Unity. Dude still has a 4% share of their stock.

So anyway, probably this David Helgason character who hired him. And/or whoever else (including Riccitiello!?) who was on the board at the time.

The relationship between CEOs and boards of directors is so fucked up and incestuous...

In any case and in retrospect, Johnny boy was 100% hired to cue them for up for the eventual IPO and boy did he ever. It's amazing how fast companies go down hill when they become publicly traded.

[–] [email protected] 3 points 11 months ago (2 children)

Look how many of them are from private equity funds. No wonder they chose him in the first place.

[–] [email protected] 3 points 11 months ago

"Know who should make big decisions about running our software company? Finance lizards, obviously!"

[–] [email protected] 1 points 11 months ago (1 children)

They get those people to help boost the credibility of the IPO and their experience in managing acquisitions and such.

[–] [email protected] 1 points 11 months ago

After the IPO, a companies only goal is earning money for shareholders.