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Amazing to see a CEO paying the price. I wonder if he got some kind of golden parachute.

wslh 3y ago
May be he doesn't know how to increase revenue without changing the terms and conditions and leave the position to someone else?
gofixurcode 3y ago
If I were on the board I’d vote he gets a golden cannonball to the nuts.
- Exuma 3y ago
  Or a golden parachute that’s been slashed with a knife
- wkat4242 3y ago
  The board are just covering their own asses. I'm sure they were aligned on all the plans because the board represent the shareholders and those have super short term vision these days. It's a problem that plagues the whole industry.
BackBlast 3y ago
Probably an unpleasant conversation with the board. Resign, or be fired. This is very likely covered in the contract to begin with so there isn't much room for negotiation unless the board feels he's breached some significant contract term. Nice to see a company really try to make it right.
- ncr100 3y ago
  All conversations with a board are possibly unpleasant, even successful moments, "why aren't you more successful." Market economy. Bleh.
boeingUH60 3y ago
He’s sold over $400mn in Unity shares [1]. He’ll be fine. 1- https://www.secform4.com/insider-trading/1193857.htm https://www.secform4.com/insider-trading/1193857.htm
- bigstrat2003 3y ago
  It's so messed up when you think about it. He made a decision (or at minimum allowed it to happen) that will most likely kill the company in the end. And he gets to profit handsomely from being fired for that bad decision.
- hotnfresh 3y ago
  The notion of consequences & responsibility at this level, which is often used to justify high pay (see also: the idle investor class—“oh, they deserve huge returns because of all the risk they’re taking!”) is so fake that the whole thing would be funny if people didn’t seem to think it’s actually real and meaningful. “Oh no, I had a terrible outcome and so… me, my children, and my children’s children, at least, will continue to live among the oligarchs and attend oligarch schools and live in oligarch places and go to oligarch parties, being incredibly comfortable and wanting for nothing our whole lives.” Please, give me those consequences. I promise it’ll make me take everything super-seriously and do a very good job. Lord knows I don’t want that to happen to me. How terrible.
  - kibwen 3y ago
    I had people arguing that I wouldn't be able to do this job because of all the "stress" that executives suffer. Pay me $400M to fail and let's find out.

wslh 3y ago

May be he doesn't know how to increase revenue without changing the terms and conditions and leave the position to someone else?

gofixurcode 3y ago

If I were on the board I’d vote he gets a golden cannonball to the nuts.

Exuma 3y ago
Or a golden parachute that’s been slashed with a knife
wkat4242 3y ago
The board are just covering their own asses. I'm sure they were aligned on all the plans because the board represent the shareholders and those have super short term vision these days. It's a problem that plagues the whole industry.

BackBlast 3y ago

Probably an unpleasant conversation with the board. Resign, or be fired. This is very likely covered in the contract to begin with so there isn't much room for negotiation unless the board feels he's breached some significant contract term. Nice to see a company really try to make it right.

ncr100 3y ago
All conversations with a board are possibly unpleasant, even successful moments, "why aren't you more successful." Market economy. Bleh.

boeingUH60 3y ago

He’s sold over $400mn in Unity shares [1]. He’ll be fine. 1- https://www.secform4.com/insider-trading/1193857.htm https://www.secform4.com/insider-trading/1193857.htm

bigstrat2003 3y ago
It's so messed up when you think about it. He made a decision (or at minimum allowed it to happen) that will most likely kill the company in the end. And he gets to profit handsomely from being fired for that bad decision.
hotnfresh 3y ago
The notion of consequences & responsibility at this level, which is often used to justify high pay (see also: the idle investor class—“oh, they deserve huge returns because of all the risk they’re taking!”) is so fake that the whole thing would be funny if people didn’t seem to think it’s actually real and meaningful. “Oh no, I had a terrible outcome and so… me, my children, and my children’s children, at least, will continue to live among the oligarchs and attend oligarch schools and live in oligarch places and go to oligarch parties, being incredibly comfortable and wanting for nothing our whole lives.” Please, give me those consequences. I promise it’ll make me take everything super-seriously and do a very good job. Lord knows I don’t want that to happen to me. How terrible.
- kibwen 3y ago
  I had people arguing that I wouldn't be able to do this job because of all the "stress" that executives suffer. Pay me $400M to fail and let's find out.