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- cross-posted to:
- [email protected]
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.
Look, Unity that backed the changes of the fall guy have removed the fall guy they backed. Now they wait a couple years and use the idea later to hopefully less backlash with a new fall guy who they can remove if the backlash is bad again.
And what a sweet deal it is for the fall guy.
“Hey we need to roll out an unpopular policy change. If you agree to take the PR hit we’ll give you $30 million”
Best gig in a lifetime.