"To remedy these breaches, Gill is reinstated as CEO of Unknown Worlds with full operational authority over the studio. A Krafton spokesperson said in a statement that we respectfully disagree with today's ruling and that we are evaluating our options as we determine our path forward."
"According to the pre-trial brief, Krafton CEO Changham Kim allegedly nixed the payout because it would be a professional embarrassment and make him look like a pushover. He reportedly consulted ChatGPT to ask about ways to avoid paying the bonus and oddly seemed to consider a hostile takeover by a newly-formed entity."
"Judge Will dinged the CEO on both counts, saying that Kim regretted committing to the payout and consulted an artificial intelligence chatbot to contrive a corporate takeover strategy."
Krafton acquired Unknown Worlds Entertainment in 2021 under a contract promising executives a $250 million bonus if revenue targets were met by 2025. When targets were not achieved, Krafton CEO Changham Kim fired Ted Gill and two co-founders. A Delaware judge ruled this violated contractual obligations, ordering Gill's reinstatement as CEO with full operational authority. The judge noted Kim consulted ChatGPT to devise strategies avoiding the bonus payout and considered a hostile takeover. Krafton disputes the ruling and continues evaluating legal options. Damages litigation remains pending. Subnautica 2 development status remains uncertain.
Read at Engadget
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