that’s why I put the “choose” into air quotes.
Air quotes? heh.
Comment on Unity CEO John Riccitiello is retiring, effective immediately
neshura@bookwormstory.social 1 year agothat’s why I put the “choose” into air quotes. It’s bs, anybody with a bit of info about the matter knows it but he still gets to cash out his boni because he has not been technically fired for crashing the company’s future
tiredofsametab@kbin.social 1 year ago
Aceticon@lemmy.world 1 year ago
Well, had he been fired the whole thing would’ve ended up in Court as he tried to get the full amount of his contract period (so all contractually defined payments until the end of his contract) plus likely all bonuses, while the company would be trying to prove he was fired for cause, all of which would be quite a public display of dirty laundry, at the end of which one side would lose and quite likely and indirectly both sides would lose.
Meanwhile, he wouldn’t just accept to leave by his own hand “for the good of the Company” without compensation.
So that’s how you end up with him “retiring” (legally he’s the one leaving) with a golden umbrella (his compensation for doing so rather than drag it through the courts).
I’m almost certain that the Board fucked-up and don’t want to see themselves personally trashed in Court whilst the company tried to prove the CEO had severely mismanaged, hence went for the “give him money for not involving the Courts” option.
Ultimatelly the ones that should be held to account are the Board who hired him and apparently were either directly behind that genious idea of screwing their relationship with their customers or were behind him when he pushed that idea out. This is why in another post I very clearly state that the Board needs to be kicked out to begin to start restoring the trust of the customers.