Contact Us

CEO to Staff: Give Back Stock or be Fired

Zynga CEO Marcus Pincus
Zynga CEO Marcus Pincus - Getty Images

So what would you do if your boss came to you and said all the stock they gave you as an employee had to be returned or you would be fired? Well that is exactly what the employees of Zynga are facing after CEO Mark Pincus and his band of executives told them just that.

Zynga is the company that made the popular social webiste games “Farmville” and “Citiville”. executives are in the process of offering an IPO but have determined that too much stock was given to their staff. This was unacceptable to the board so they hatched a plan to demand stock back from those employees who’s production they felt did not match the stock given to them.

According to Cnet “Zynga executives were especially concerned with not creating a “Google chef” scenario. That reference relates to Google’s 2004 IPO when one of the company’s chefs, who was hired in the firm’s early days, walked away with $20 million worth of stock after the shares went public.”

As you can image the company was met with anger by the staff targeted and some have retained attorneies in the matter.


Best of Jack FM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Freeloaders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Freeloaders contests, events, coupons, presales, and much more delivered to you for FREE.