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Unity CEO John Riccitiello is GONE!
(www.youtube.com)
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this post was submitted on 09 Oct 2023
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The board knew who he was and his history before they hired him. They still hired him. They wanted and supported this but it blew up and he's the fall guy for this change.
Until the board changes, I don't think I care much for Unity at all.
Don't get me wrong, he's a dick, but I cannot imagine he's the only one.
Wasn't he hired before there even was a board in place? When they were still private?
A private company still has owners and their representatives, regardless of whether or not the company has a formal board. Things are just more formalized and documented in public companies.
In fact, CEOs tend to have more power in public companies than in private ones, since public companies have a higher share of passive shareholders and more divided shareholders.