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

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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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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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

The shareholders elect the BOD and they can remove them if they like. So in theory if you want to burn the house down then go after the shareholders too and the capitalistic society, but in my opinion that's another battle for another time.

In practice this is the reason why companies have CEOs. They are practically accountable for exactly the stuff like this, it's a well known part of their job description. That's the reason why I don't really consider him a scapegoat because, well, it's literally his job.