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According to reports from Jason Schreier of Kotaku, employees of Gearbox Software (makers of Borderlands 3), have reportedly been "stiffed" on bonuses that were otherwise promised to them by CEO Randy Pitchford.
What does Mr. Schreier have to say about Gearbox's compensation system, the promises that form the foundation of his reporting, and Gearbox's response?
How does upside compensation work? What are the risks and rewards? And how do those risks and rewards mirror the employee-owned collectives that are often advocated by Mr. Schreier and Kotaku?
How can miscommunication result in breach of trust? And why should Gearbox be concerned even if no legal lines were crossed?
And just why is Mr. Schreier bringing up a settled case in which the plaintiff referred to CEO Pitchford as "exonerated" anyway?
We're shifting shifty gears...in Virtual Legality.
#Kotaku #Gearbox #Pitchford
Discussed in this episode:
"Sources: Despite Huge Sales, Borderlands 3 Developers Are Getting Stiffed On Bonuses"
Kotaku - April 1, 2020 - Jason Schreier
"Gearbox Video Game Designer Salary" (and more)
Cost of Living (Plano Texas)
Cost of Living (Irvine California)
"Randy Pitchford's $12 Million Magic Trick: A Lawyer's View (VL69) (Hoeg Law)"
YouTube Video - June 24, 2019 - Hoeg Law
"Former Gearbox employee provides proof Randy Pitchford diverted funds to personal company"
GameDailyBiz - June 18, 2020 - Hoeg Law
Plaintiff's Third Amended Petition
Callender v Gearbox (Pitchford)
June 12, 2019
"Randy Pitchford and Gearbox Exonerated?! What it All Means (VL113)"
YouTube Video - October 4, 2019 - Hoeg Law
"Gearbox CEO Randy Pitchford and former lawyer bring end to messy legal dispute"
Eurogamer - October 4, 2019 - Matt Wales
"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).
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DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.
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The Hoeg Law Firm is a business law firm with big law experience and a small firm approach focusing on start-ups, technology, financing, and everything else a business might need.