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.
LOL, you're not playing the game correctly! CEO = bad/evil/stupid, every time, always. They're all worthless scum that never lift a finger and don't deserve their job. (Mine's great and does a fine job of leading the company. We make hella money, but never at the cost of morals, employee pay/benefits or long-term profits. He's basically an alien. Apparently.)
These kids have never heard of a "board of directors", nor do they realize the CEO serves at the board's pleasure. (For those of you working your first job, that means the board can fire the CEO anytime they fuck well please. CEO, in turn, gets a "golden parachute" against such an eventuality. Ya know, in case they get fucked for circumstances beyond their control. Because they're smart and negotiate the terms of their employment. Meanwhile, "How come my boss won't give me the raise I didn't ask/fight/learn for?! That shit should be automatic!")
"Fall guy" or "patsy" is also a new term. Reminds me of reddit's Ellen Pao. Board wanted unpopular decisions made, put her in the hot seat, she made 'em, fired her ass.
CEOs have contracts. At least in the USA, not that many people have employment contracts?
Yeah, it's infuriating how no one talks about the board of directors for any big corporation. And the Ellen Pao shit was wild back in the day. I was there and so many kids and teenagers were throwing internet tantrums because some of the worst subs were being taken down. At least we have Lemmy now, it feels better to me but I guess people can have their hateful communities in the fediverse if they want