Zynga Chief Seeks to Claw Back Stock

#1

Post by lsr7 » Thu, Nov 10, 2011, 3:44 AM UTC

Zynga Chief Seeks to Claw Back Stock
online.wsj.com

Re: Zynga Chief Seeks to Claw Back Stock

#2

Post by patio11 » Thu, Nov 10, 2011, 4:12 AM UTC

I think it is really important that people understand that stuff like this can happen even when you win the 100 to 1 bet that you are working for the next Zynga and not the next $NAME_A_STARTUP_RANDOMLY.

Re: Zynga Chief Seeks to Claw Back Stock

#3

Post by jasonshen » Thu, Nov 10, 2011, 4:13 AM UTC

Can someone summarize the rest of this post for those without a subscription to WSJ?

Re: Zynga Chief Seeks to Claw Back Stock

#4

Post by [deleted] » Thu, Nov 10, 2011, 4:17 AM UTC

[deleted]

Re: Zynga Chief Seeks to Claw Back Stock

#5

Post by WillyF » Thu, Nov 10, 2011, 4:18 AM UTC

jasonshen wrote: post #3

Can someone summarize the rest of this post for those without a subscription to WSJ?

Copy and paste the URL into Google. Then click the link when it shows up in the SERPs. It should get you past the paywall.

Re: Zynga Chief Seeks to Claw Back Stock

#6

Post by [deleted] » Thu, Nov 10, 2011, 4:18 AM UTC

[deleted]

Re: Zynga Chief Seeks to Claw Back Stock

#7

Post by throwaway64 » Thu, Nov 10, 2011, 4:19 AM UTC

jasonshen wrote: post #3

Can someone summarize the rest of this post for those without a subscription to WSJ?

http://pastebin.com/RaZzwZ8C

Re: Zynga Chief Seeks to Claw Back Stock

#8

Post by JackDanger » Thu, Nov 10, 2011, 4:20 AM UTC

jasonshen wrote: post #3

Can someone summarize the rest of this post for those without a subscription to WSJ?

Just google the headline and click through from there, they let search-referred traffic see the full article.

Re: Zynga Chief Seeks to Claw Back Stock

#9

Post by prodigal_erik » Thu, Nov 10, 2011, 4:22 AM UTC

> The equity recouped has been valuable as Zynga recruits experienced executives.

The obvious question is how they could ever expect to convince executives they won't be defrauded the same way a couple of years from now. This tactic seems so unscrupulous as to be self-defeating.

Re: Zynga Chief Seeks to Claw Back Stock

#10

Post by smokinn » Thu, Nov 10, 2011, 4:23 AM UTC

Wow this should be straight up illegal and yet:

"One lawyer said that over the past year, he has heard executives of three social-media sites discuss the possibility of clawing back equity from some employees. Another lawyer, who has handled stock-compensation issues with technology companies for decades, said he never saw a company try to take equity from employees until about two years ago, but has since seen three such cases at start-ups."

I don't see how this is anything other than theft. They're saying that either you give us some of your compensation back (you may not have joined if it were not for those stock options/grants) or you're fired and lose it all. Insane.