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.
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.
I understand. I guess I’m more so pointing out a number that we have already.
Paraphrasing from Money Never Sleeps:
I don’t understand people who have money like that and just hop from one company to the next. If I got money like that, I’d start my own company.
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.
More stressful, but also more rewarding I imagine. Also, I don’t like being told what to do.
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.
I wouldn’t be trying to make more money. I see myself operating a small business related to hobbies. Maybe model airplanes or ham radio or something. Breaking even would be fine.