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I've contacted Disney about this glitch a while back. It's a server side glitch and not something that another user can hack. If they do manage to become a Guildmaster in a guild that already has a Guildmaster, they will NOT recieve any of the same rights that only the original GM are privy to. In other words, yes, they will have the title "Guildmaster" under their Pirate name, but they cannot demote/promote Officers, they cannot remove the first GM, and therefore cannot delete the guild. I am unsure as to whether or not they have the power to regular members. If knowledge of that comes to my attention, I will be sure to let you know.
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