this post was submitted on 18 Sep 2023
249 points (91.1% liked)

Technology

59436 readers
3636 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Unity Backpedals on Its Horrible Plan for Game Install Fees Amid Developer Backlash::Unity CEO John Riccitiello reportedly sold thousands of shares of stock in the weeks ahead of the fee announcement.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 15 points 1 year ago (1 children)

I always thought there should be a minimum hold time. Somewhere between 1-5 years after they leave their position.

It encourages them to think long term instead of just the next quarter, and they really have to leave the company in a better place than they found it.

[โ€“] [email protected] 4 points 1 year ago

I fully agree with you and that sounds like a great idea. It sent me down a chain of thought that I find interesting. Say we implement this, CEO A does their job, but shortly before their time is up, they discover something awful. They are about to leave, so they want the next 1-5 years to be rosy, so they do some extremely unethical bullshit to ensure that and hide the problem just long enough for the next guy to take the fall. CEO B, who took over when A left, figures out the awful thing, but it's been long enough that they kind of have no choice but to continue the unethical bullshit, to ensure their compensation when they leave. And so on with CEO C and D. That's a feasible possibility to me and I also just realized they probably do that now, just on a shorter timescale. All in all I'd say the long term shit is probably better on the whole. Ooooor we could do something besides give one schmuck executive feudal authority over a bunch of people's livelihoods. Maybe like some kind of democratic system.