this post was submitted on 09 Oct 2023
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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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[–] ringwraithfish@kbin.social 218 points 2 years ago (38 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!

[–] Currens_felis@lemmy.ml 20 points 2 years ago (11 children)

CEOs are beholden to the shareholders, not the employees

[–] teamonkey@lemm.ee 2 points 2 years ago

In a co-operative the shareholders are employees and associated members, and they elect the board.

https://en.wikipedia.org/wiki/Consumers%27_co-operative

Not that Unity is a co-operative, but there is another way.

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