Re-posting something I wrote last year on another thread about Cube:
Cube changed owners and CEOs three times in the last ten years. The original founder even submitted his resignation and left the company entirely last year after the latest owner (VT GMP) brought in their own people to manage the company.
The original founder and first CEO of Cube was Hong Seung Sung, formerly president of JYP Ent. He left JYP to found Cube in 2006. Under his leadership, Cube launched 4Minute, BEAST, APink and BtoB.
Then Hong got sick in 2012 and had to step down from his CEO position, so the CEO became Park Chung Min. Under his leadership, they acquired Rain, debuted CLC, disbanded 4Minute, and sold off APink.
Then Park Chung Min stepped down in 2016, and Shin Dae Nam was elected the next CEO. Under his leadership, they lost BEAST, signed Jo Kwon, and launched Pentagon, Triple H and (G)-Idle. They also started strategic partnerships in China and Japan. Then they kicked out HyunA and E-Dawn.
Then in Feb 2020, VT GMP bought enough shares to gain majority ownership over Cube. They replaced Shin Dae Nam with their own executives as CEOs. And the original founder, Hong Seung Sung (who had been working as a producer in Cube as well as sitting on the board of shareholders) also left the company in mid-2020, saying the new owners were causing internal strife.
And well, you know the rest.