this post was submitted on 09 Oct 2023
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998
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] 5 points 1 year ago

Unity employees are shareholders, but greatly in the minority compared to the executives. The C-suite is routinely granted thousands of shares while the lowly employees are given a few hundred RSUs every year, which vest over a period of 4 years. It's kinda bullshit how little equity employees by comparison, but definitely by design.