themachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 1 day agoCEO Asks ChatGPT How to Void $250 Million Contract, Ignores His Lawyers, Loses Terribly in Courtwww.404media.coexternal-linkmessage-square177linkfedilinkarrow-up11.16Karrow-down110
arrow-up11.15Karrow-down1external-linkCEO Asks ChatGPT How to Void $250 Million Contract, Ignores His Lawyers, Loses Terribly in Courtwww.404media.cothemachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 1 day agomessage-square177linkfedilink
minus-squareT156@lemmy.worldlinkfedilinkEnglisharrow-up3·edit-213 hours agoIs that not on Krafton for buying Unknown Worlds for $500 million, and then offering an additional $250 million if they achieve particular goals? If it was unrealistic, then don’t buy the company for that much, and provide a contract with those terms. From Unknown Worlds’ perspective, it would have been irresponsible not to take the deal, assuming no other conditions. That Krafton’s CEO got buyer’s remorse isn’t their problem to deal with. Caveat emptor and all that.
minus-squareCaptain Aggravated@sh.itjust.workslinkfedilinkEnglisharrow-up3·13 hours agoIf you’re the CEO of a company, like Unknown Worlds, it’s your job to steer the company around outright fraud, like offers to purchase the company for far, far more money than you’d hope to generate with every planned project.
Is that not on Krafton for buying Unknown Worlds for $500 million, and then offering an additional $250 million if they achieve particular goals?
If it was unrealistic, then don’t buy the company for that much, and provide a contract with those terms.
From Unknown Worlds’ perspective, it would have been irresponsible not to take the deal, assuming no other conditions.
That Krafton’s CEO got buyer’s remorse isn’t their problem to deal with. Caveat emptor and all that.
If you’re the CEO of a company, like Unknown Worlds, it’s your job to steer the company around outright fraud, like offers to purchase the company for far, far more money than you’d hope to generate with every planned project.