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.

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[–] 18 points 2 years ago (2 children)

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.

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  • [–] 27 points 2 years ago (2 children)

    No one's saying he needed it. But knowing how corporations work it's quite likely he got a nice payout.

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  • [–] 6 points 2 years ago

    Paraphrasing from Money Never Sleeps:

    What's your number? The amount of money you would need to just walk away from it and live. See, I find that everybody has a number, and it's usually an exact number. So what is yours?

    More.

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  • [+] 5 points 2 years ago* (last edited 2 years ago) (1 child)
  • [–] 4 points 2 years ago (1 child)

    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.

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  • [+] 3 points 2 years ago* (last edited 2 years ago) (1 child)
  • [–] 1 point 2 years ago* (1 child)

    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.

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