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.
That’s corporatism in a wider sense. Existed since times immemorial. It’s a systemic problem, that is, defined by architecture.
Corporatism like this is fairly new. Creating bullshit positions for your followers is an old tradition among kings and other rulers, but putting people from one leadership position where they fucked up into the next is only here since the capitalist class established itself after the industrial revolution.
The legal fiction known as incorporation or corporate personhood did not exist until the 1400s, and for the first couple of hundred years was used only for churches to acquire assets and land.
I think what you’re thinking of might be conglomeration, where one company buys every business in its supply and distribution chains. Such as when the Tonight Show and The Late Show are owned by the same people that make nuclear reactors.
