Jim Jannard, the founder and CEO of camera manufacturer Red, has resigned as 'Red Leader', citing what he believes are personal attacks on his integrity as the main reason for his departure.
Following his resignation, he plans to "sink into the background" where he will "work on the future of digital cameras behind the scenes". He has appointed Jarred Land as the new leader of the company.
Jannard, who is reportedly worth around US$1.4billion, made much of his fortune after selling eyewear brand Oakley, which he apparently setup with a budget of just US$300. He dramatically resigned from his position as Red CEO yesterday via a posting on the Reduser forum.
The post, titled 'My Final Post', details the birth of Red and Jannard's thinking behind setting up Red before going on the describe the company's achievements and how he feels he's been unfairly treated by a number of named cinematographers in particular as well as a broader section of the cinematography community.
He wants to be perceived as a visionary inventor whereas in fact he is just a businessman only. The recent videos by Jinni exposed many of his half-truths (I’m afraid to be sued so I’m going here some kind of British understatement). Let’s see if Apple’s suit against their industry damaging patent will go thru. If yes, his resignation is a way out to avoid trouble.
Jim Jannard resigns as CEO of camera maker Red
In: Cameras
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He wants to be perceived as a visionary inventor whereas in fact he is just a businessman only. The recent videos by Jinni exposed many of his half-truths (I’m afraid to be sued so I’m going here some kind of British understatement). Let’s see if Apple’s suit against their industry damaging patent will go thru. If yes, his resignation is a way out to avoid trouble.