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Zynga CEO demands stock back.

Started by Locutus, November 10, 2011, 01:08:28 PM

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Locutus

For all of you Mafia Wars, and FarmVille players, look at the douche you're supporting at the top.




SAN FRANCISCO—Zynga Inc. Chief Executive Mark Pincus often gave shares rather than high salaries to his top talent as he built his online-game start-up.

But as Zynga grew into a multibillion-dollar company with hot games like "FarmVille" and "Mafia Wars," Mr. Pincus appears to have developed giver's remorse.

Early last year, as Mr. Pincus began preparing to take Zynga public, he and several other executives decided the company had doled out too many stock rights to certain people in its early days, say people familiar with the matter. The executives chose an unusual solution: They began demanding that certain employees surrender some shares or be fired.

http://online.wsj.com/article_email/SB10001424052970204621904577018373223480802-lMyQjAxMTAxMDAwOTEwNDkyWj.html
One of the gravest dangers to the survival of our republic is an ignorant electorate routinely feeding at the trough of propaganda.   -- Locutus

"We are all connected; To each other, biologically. To the earth, chemically. To the rest of the universe atomically."  -- Dr. Neil deGrasse Tyson

Exterminator

I don't play these games but if I could grow pot on Farmville and sell it on Mafia Wars I might.   :biggrin:
Arguing with Christians is like playing chess with a pigeon.  No matter how good I am at chess, the pigeon is just going to knock over the pieces, shit on the board and strut around like it's victorious.

The truth is slow, but relentless. Over time it becomes irresistible.