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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] 18 points 1 year ago (2 children)

It's actually pretty common to provide employees with stock options. But depending on the situation, it can be a better deal for the company than the employees. For the company, equity is a relatively cheap way to "motivate" employees. For the employees, it goes against the principle of portfolio diversification: if the company does badly, not only is their regular income threatened, but so are their assets.

[–] [email protected] 2 points 1 year ago

I’ve gotten options at the last three companies I’ve worked for and they’ve never been worth more than $5,000.

[–] [email protected] 2 points 1 year ago

Yeah, most employees would much rather be paid the cash equivalent of whatever their stock option may have been