So the 15 million came from 2K to help Gearbox finish developing borderlands 3. And the money is to be paid back after the game ships. Pitchford reportedly had the money diverted to his own company instead, but here’s where I get completely confused. There’s an amendment to the bonus contract which authorizes that very thing.
Former Gearbox Employee Presents New Evidence Alleging Randy Pitchford Diverted Funds to Personal Company by Ryan Pearson | @rppokepower on June 19, 2019 at 4:00 PM, EDT facebook
Randy Pitchford is not the 100% owner of Gearbox. The ownership structure is discussed in the document, and as of February, it’s 50% Pitchford and 50% stephen bahl, the CFO of the company who got the other $3m of the $15m recoupable bonus.
For PlayStation 4 on the PlayStation 4, a GameFAQs message board topic titled "Randy Pitchford is DONE!! Former Gearbox employee provides proof!!".
Career. Pitchford’s father worked within the United States intelligence system, creating high-technology equipment for other agents. When Randy was five years old, his father brought home one of the computers he had developed in 1975, and later gave Randy his own computer, built by himself, when Randy was seven.
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Former Gearbox corporate counsel Wade Callender has filed new documents in his lawsuit against CEO Randy Pitchford, alleging that they prove Pitchford diverted Gearbox funds to a personal account.
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Pitchford, (who owns 50% of Gearbox and has 51% control), and Bahl, (who has the other 49% control), wrote in a 15 million bonus for themselves. Even the article claims it’s pretty murky as to it being illegal.
Former Gearbox employee provides proof randy pitchford diverted funds to personal company Niantic acquires Sensible Object, studio behind Beasts of Balance and When In Rome
While we now have proof that funds were originally intended to be paid to Gearbox have since been diverted to Pitchford’s company, there are factors that we still don’t fully understand. Pitchford is a 50% owner of Gearbox Software LLC and has 51% operational control (with Bahl controlling the rest).
New documents in the suit filed by Wade Callender, former Gearbox corporate counsel, against Randy Pitchford back up a claim that Pitchford diverted studio money to a personal company. A new filing in the ongoing legal struggle between former Gearbox corporate counsel Wade Callender and studio president Randy Pitchford provides evidence for one of the suit’s most damning accusations.