Zynga to employees: Give back our stock or you'll be fired

"Although Zynga's decision might be met with some criticism, the firm's executives reportedly justified their strategy by saying it was best for the company. With the unvested shares, the executives believed they could attract more top talent with the promise of stock."

Re: Zynga to employees: Give back our stock or you'll be fired

#7

Post by wavephorm » Thu, Nov 10, 2011, 5:33 PM UTC

  With the unvested shares, the executives believed they could 
  attract more top talent with the promise of stock.

Not anymore they won't.

Re: Zynga to employees: Give back our stock or you'll be fired

#8

Post by cienrak » Thu, Nov 10, 2011, 5:34 PM UTC

gm wrote: post #4

Old news, see here for comments: http://news.ycombinator.com/item?id=3218774

yeah complete rehash.

Re: Zynga to employees: Give back our stock or you'll be fired

#9

Post by cageface » Thu, Nov 10, 2011, 5:37 PM UTC

Is it just me or is tech particularly sleazy right now?

Re: Zynga to employees: Give back our stock or you'll be fired

#10

Post by MicahWedemeyer » Thu, Nov 10, 2011, 5:38 PM UTC

In order to determine which employees would be asked to give stock back, Pincus and his executives tried to pinpoint workers whose contributions to Zynga--in the execs' eyes--didn't necessarily justify the potential cash windfall they could receive when the company went public

I'm going to take a wild stab here and guess that none of their own names were on the list they came up with.

Whenever crap like this happens, pull out an org chart. You'll pretty much be able to draw a straight line that divides who shits and who eats shit.