Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Gaming

 

Zynga Wants some Employees to Give Up Pre-IPO Stock

Give that stock back or get fired

Nov 10 2011, 1:21pm CST | by

Zynga Wants some Employees to Give Up Pre-IPO Stock
 
Buy farmville from Amazon Cyber Monday and Black Friday Now
 

It's not uncommon at all for workers at tech startups to get shares of stock in the company that later turn out to be worth millions. According to some sources, Zynga is one of the firms that doled out pre-IPO stock grants to some workers rather than paying big salaries. There is nothing wrong with that, but now that Zynga is a huge force in social gaming with things like Farmville and Mafia Wars and is getting ready to make its IPO things are going sour.

According to sources Zynga CEO Mark Pincus has been trying to get stock back that was given to some workers. According to these sources, Pincus is allegedly threatening to fire the workers if they don't return some of the stock given out. Zynga is expected to get a valuation as high as $20 billion when it goes public.

Zynga has said in the past that it doesn't want a Google chef windfall situation. They are talking about an early hired chef at Google that had stock worth $20 million when Google made its IPO. A list was reportedly made by Zynga execs of workers whose contributions didn’t justify their stock holdings and asked for the stock back. Some workers apparently have stock worth tens of millions.

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Jennifer Aniston tasted Jimmy Kimmel&#039;s Wife’s Breast Milk
Jennifer Aniston tasted Jimmy Kimmel's Wife’s Breast Milk
The Friends starlet, Jennifer Aniston shared some very personal matters with the press recently. They included tasting her male friend Jimmy Kimmel's wife’s breast milk! Jimmy Kimmel's
 
 
Gwyneth Paltrow facing Lawsuit
Gwyneth Paltrow facing Lawsuit
The famous actress and creator of a website named Goop, Gwyneth Paltrow, is facing a lawsuit by a man who claims she plagiarized his creative phrase. And she is also concerned about her ex-husband’s new relationships.
 
 
Ashlee Simpson celebrates Evan Ross Birthday Bash
Ashlee Simpson celebrates Evan Ross Birthday Bash
The pop starlet, Ashlee Simpson celebrated her fiance’s birthday bash and also wore a special hat later on in the style of Mary Poppins.
 
 
iPhone 6 from Apple: Where to Next?
iPhone 6 from Apple: Where to Next?
With the arrival of the iPhone 6, the question for the execs at Apple Incorporated is: where to next?
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.