Zynga to employees: Give back our stock or you'll be fired
Found on CNet News on Thursday, 10 November 2011
Attracting top employees can be difficult for cash-strapped startups. So, in many cases, they give out company stock to supplement salaries that employees might feel is below-market.
One Journal source said that 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.
The company is expected to raise up to $1 billion in its IPO.
If I'd have the chance to make a few millions by not giving back what rightfully belongs to me, I wouldn't have a second thought about leaving that company; especially because it's obvious that extortion doesn't make employees too happy. Someone who makes a living by creating such complete time-wasting games like Farmville should be happy that people want to invest at all.