Gearbox CEO Accused of Taking Alleged Secret $12 Million Bonus

Gearbox CEO Accused of Taking Alleged Secret Million Bonus

Randy Pitchford, CEO of Gearbox, and a former general counsel for the game studio are in a legal battle in which the counsel accuses Pitchford of allegedly receiving “a secret $12 million bonus from publisher Take-Two Interactive as an advance against Borderlands profits.” As reported by Kotaku, the legal battle was sparked when Gearbox sued its former counsel, Wade Callender, for “fraud and breach of fiduciary duty.” According to the lawsuit, Gearbox alleged that Callendar, who worked at the company from 2010 until 2018, borrowed money and destroyed evidence for a home loan, borrowed money for tuition, and paid back neither in full. Continue reading…
Source: Gearbox CEO Accused of Taking Alleged Secret Million Bonus

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