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.
At that level cronyism is rife and merit is secondary to connections.
As long as he doesn’t have a big black spot on his CV, his mates can keep doing him favours using the resources of the companies in which they’re board members of similar and he will keep on doing favours to them in the same way.
It’s not by chance that in that environment there is a web were the CEOs of some companies are board members in other companies, whose CEOs are board members of the first company - or in other words “I scratch your back, you scratch my back”.