Technology

59629 readers

2861 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

237

John Riccitiello is stepping down as CEO and president of Unity (investors.unity.com)

submitted 1 year ago* (last edited 1 year ago) by mr_MADAFAKA@lemmy.ml to c/technology@lemmy.world

28 comments fedilink hide all child comments

SAN FRANCISCO--(BUSINESS WIRE)-- Unity (NYSE: U) (the “Company”), the world’s leading platform for creating and growing real-time 3D (RT3D) content, today announced that John Riccitiello will retire as President, Chief Executive Officer, Chairman and a member of the Company’s Board of Directors, effective immediately. James M. Whitehurst has been appointed Interim Chief Executive Officer, President and a member of the Board. Roelof Botha, Lead Independent Director of the Unity Board, has been appointed Chairman. Mr. Riccitiello will continue to advise Unity to ensure a smooth transition.

you are viewing a single comment's thread
view the rest of the comments

[–] bjoern_tantau@swg-empire.de 11 points 1 year ago (1 children)

Except for the board of directors that actually steers the company.

[–] habanhero@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

OK, how about the shareholders that elect the Board of Directors? Should they be "removed" as well?

My point is the function of the Chief Executive Officer is specifically to be accountable and responsible for the business functions of the company. Yes, BOD has made a bad call selecting him as a CEO and the shareholders will have an opportunity to re-elect the BOD, but how the business is run (the "Chief Executive" part) is owned by the CEO. And in this case he fucked up especially if he championed this pricing structure.