Cube is currently going through an internal power struggle between president of the company, Hong Seung Sung and the current CEO, Park Chung Min.
Hong stepped down as CEO around 2012/2013 because of ALS but he still oversees many operations of the company
Cube has been underperforming severely and their operating income last year ($8 billion won) was about half of the year before
Hyunseung leaving B2ST, CLC flopping, and dumping money into Pentagon all made Cube lose money
Major decisions are made as a group by the Board of Directors, which both Hong and Park are a part of,
The board had made a decision to renew 4minute's contracts this year
However, Hong singlehandedly delayed the renewals and pushed for the disbandment
As a result of this decision, the power struggle came at a head, and shareholders were looking for someone to blame for 4minute's break up
Park used 4minute's disbandment as a reason to reconstruct the company and fire many employees who were loyal to Hong, thus consolidating his power
IHQ (the current major shareholder of Cube) tends to sit on the sidelines and has not interfered with this power feud and presumptively, 4minutegate
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