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

submitted 1 year ago by [email protected] to c/[email protected]

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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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[–] [email protected] 219 points 1 year ago (39 children)

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!

[–] [email protected] 4 points 1 year ago (4 children)

The only way this can be done in a capitalist way, is by distributing exactly one company share for every employee that's not tradeable at all, flattening the hierarchy completely, and making every decision in a direct democratic way.