John Riccitiello is stepping down as CEO and president of Unity
John Riccitiello is stepping down as CEO and president of Unity
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.
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Guys he didn’t need any severance. Dude was already loaded with shares. He’s sold 421 million USD worth of shares over the past few years.
No one's saying he needed it. But knowing how corporations work it's quite likely he got a nice payout.
Paraphrasing from Money Never Sleeps:
What's your number? The amount of money you would need to just walk away from it and live. See, I find that everybody has a number, and it's usually an exact number. So what is yours?
More.
I understand. I guess I’m more so pointing out a number that we have already.
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As someone with his own company I can assure you that you don't. Life is a lot easier when it's not your baby on the line. Do you think he's going to lose sleep over Unity? Not even a little.
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Definitely. Still, if I had that much money, I would do something other than start a company to make more money. I'd try to accomplish something that helps others and makes this world suck a little less. Instead, I've focused my entire efforts towards the survival of myself and those close to me.
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