Over the past few months Zynga CEO Mark Pincus has asked some employees to return shares they received instead of high salaries. Turn over that equity, or be fired, Pincus and other Zynga executives told those employees.
This move comes as Zynga prepares for an upcoming IPO, which could bring a valuation of close to $20 billion and make shareholders wealthy. Zincus’ demand that employees return stock could lead to legal action against Zynga and might change a basic Silicon Valley employment tactic where high risk start-ups lure top talent with stock options.
Read more at The Wall Street Journal.
