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Unity CEO John Riccitiello is GONE!
(www.youtube.com)
Welcome to the game development community! This is a place to talk about and post anything related to the field of game development.
A private company still has owners and their representatives, regardless of whether or not the company has a formal board. Things are just more formalized and documented in public companies.
In fact, CEOs tend to have more power in public companies than in private ones, since public companies have a higher share of passive shareholders and more divided shareholders.