Corporate Governance
Ongoing coverage on Corporate Governance.
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Subnautica 2 CEO resigns mere months after reinstatement as messy bonus payment debacle concludes
The CEO of Unknown Worlds Entertainment, the developer behind Subnautica 2, has resigned just months after being reinstated. This departure follows a contentious bonus payment issue that has now concluded. The article implies a troubled corporate situation for the studio.
2026 Nintendo approval ratings revealed for its directors, including Furukawa, Miyamoto, more
Nintendo has revealed the approval ratings for its directors following the company's 86th Annual General Meeting of Shareholders. Key figures like President Shuntaro Furukawa and Shigeru Miyamoto received high approval, with slight dips compared to the previous year. Outside director Chris Meledandri also maintained a similar approval percentage.
Despite investors moaning that Elden Ring's success hasn't been milked hard enough financially, FromSoftware parent company's CEO has kept his job
Kadokawa CEO Takeshi Natsuno has retained his position following an annual shareholder meeting, despite efforts by activist investor group Oasis Management to oust him. Oasis Management, Kadokawa's largest shareholder, argued that the company failed to maximize profits from Elden Ring's success, citing the decision to publish through Bandai Namco instead of self-publishing. While Natsuno's shareholder support decreased, he remains in his role, though Kadokawa has pledged to review its management structure.
FromSoftware parent’s CEO survives hedge fund owners’ attempt to remove him, but there’s more pressure to come
The CEO of Kadokawa Corporation, the parent company of FromSoftware, has successfully retained his position following an attempt by hedge fund owners to remove him. Despite this immediate victory, further pressure is expected regarding the company's leadership and governance.
Uber's board sued for alleged poor oversight that led to sexual abuse of its passengers
Uber's shareholders have filed a lawsuit against the ride-sharing company's board of directors. The suit alleges that poor oversight by the board contributed to instances of sexual abuse experienced by passengers.
‘Profit leaks’ or pressure campaign? FromSoft’s top shareholder is reportedly trying to put the screws on Miyazaki
FromSoftware's top shareholder is reportedly pressuring Hidetaka Miyazaki and the company, with speculation arising whether this is due to profit concerns or a deliberate campaign. The situation suggests potential internal conflict within the acclaimed game development studio.
FromSoftware boss Hidetaka Miyazaki teases unannounced games, says the studio should do what it wants as the investor that told Nintendo to charge "99 cents just to get Mario to jump a little higher" fights its parent company
FromSoftware president Hidetaka Miyazaki stated that the studio is satisfied with its current development environment and wishes to continue making the games it wants to create, amidst an ongoing investor dispute involving its owner, Kadokawa. The investor, Oasis Management Company, is pushing for changes in Kadokawa's leadership and strategy, while Miyazaki emphasized the importance of preserving FromSoftware's creative freedom for producing valuable titles, including both announced games like The Duskbloods and unannounced projects.
Engadget Podcast: Making sense of SpaceX's messy IPO (and its messier CEO)
This article discusses the upcoming Initial Public Offering (IPO) for SpaceX, exploring the financial excitement surrounding the event. It also raises questions about reconciling this financial move with the controversial public behavior and statements of its CEO, Elon Musk.
Took too long now your case is gone: Elon Musk loses trial against Sam Altman and OpenAI
Elon Musk has lost his lawsuit against OpenAI CEO Sam Altman due to a delayed filing. Musk sued OpenAI, alleging unjust enrichment and a deviation from its founding mission after his departure in 2018. OpenAI president Greg Brockman provided context regarding Musk's exit.
Cosplayers plan to storm EA headquarters today to protest Saudi Arabia buyout
Cosplayers are planning to protest at Electronic Arts headquarters against a proposed $55 billion buyout by a consortium including Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners. The protest aims to deliver a 70,000-signature petition and raise concerns about potential staff layoffs, increased monetization, and studio closures.
Ashes of Creation’s Steven Sharif asks court to shine ‘sunlight’ on the Intrepid board’s actions
Former Intrepid Studios boss Steven Sharif has filed new court documents alleging the company's board engaged in malicious abuse, a 'loan to own' scheme, and illegal firings to force him out of Ashes of Creation. Sharif is asking the court to appoint a neutral receiver to oversee the company and investigate the board's actions, which he claims they are actively trying to prevent through obstruction and conditional agreements.
Ashes of Creation’s Steven Sharif asks court to shine ‘sunlight’ on the Intrepid board’s actions
Steven Sharif, former boss of Intrepid Studios, has asked a court to oversee the company's actions amidst a legal battle with the current board. Sharif alleges the board engaged in a scheme to oust him and take over the game Ashes of Creation. He is seeking a neutral receiver to investigate the company's finances and actions, arguing that transparency is necessary to resolve the dispute.
Ashes of Creation boss drops new evidence and allegations against Intrepid’s board, vows to finish the game
Intrepid Studios founder Steven Sharif has released extensive details and court filings addressing allegations of a board attempting to seize control of the company and defraud creditors. Sharif denies misappropriating funds, claims he and his husband invested millions, and vows to finish the game Ashes of Creation. The filings also include accusations against Robert Dawson and Jason Caramanis, and mention a past acquisition offer from Riot Games.
Subnautica 2 bosses handed back control of company after judge finds Krafton guily of "wrongfully usurping control"
A Delaware court has ordered Krafton to reinstate the co-founders of Unknown Worlds Entertainment, the developer of Subnautica 2, after ruling that Krafton "wrongfully usurped control" of the company. The judge found Krafton breached an employment agreement by firing CEO Ted Gill, co-founder Charlie Cleveland, and technical director Max McGuire without valid cause. The ruling also restores the ousted executives' authority over Subnautica 2's early access launch and Steam access.
A judge has granted Ashes of Creation’s Steven Sharif a TRO against Intrepid’s board
A judge has granted Ashes of Creation's Steven Sharif a temporary restraining order against Intrepid's board of directors, led by Rob Dawson, and TFE Games Holdings LLC. The order prevents the defendants from accessing or distributing Intrepid's trade secrets, finding sufficient reason to believe Sharif will prevail in his claims of an improper takeover and misappropriation of assets. The court found that Intrepid has already suffered harm and will continue to do so if the TRO is not granted.
Evening Tech Bits
Intel Chairman Frank Yeary has retired, and Craig Barrat will assume the role of new chairman of the Board of Directors. The article also briefly mentions an update to Adobe Acrobat Reader DC.