Zynga To Employees: Surrender Pre-IPO Shares Or You're Fired

ardmhacha writes "Zynga seem to think they were overly generous handing out stock to early employees. Fearing a 'Google Chef' situation they are leaning on some employees to hand back their unvested stock or face termination. From the article: 'Zynga's demand for the return of shares could expose the company to employment litigation—and, were the practice to catch on and spread, would erode a central pillar of Silicon Valley culture, in which start-ups with limited cash and a risk of failure dangle the possibility of stock riches in order to lure talent.'"

Comments

Re:Mafia

[Grishnakh]

If you think most large American corporations are run by honest people who actually value their employees and wouldn't even think of defrauding them to improve their bottom line (and executive compensation) if they could get away with it cleanly, then you're an idiot.

The only reason we don't see more behavior like this is because it's generally met with large lawsuits where the corporations lose to the abused employees. I imagine the same will happen to Zynga if they actually try firing anyone over this.

Re:Dont' quit, but don't agree either.

[Khyber]

And if you BOTHERED to pay attention to the website - Oh look, pictures of me DOING RESEARCH. I am the research director, and those *HERE* with a brain (plus the few that have BEEN INSIDE THE FACILITIES) know it's the truth.

You aren't very bright - this is why I constantly own you and your ilk on lulz.net.

Re:Dont' quit, but don't agree either.

[Khyber]

In Texas, you can get away with murder on the sole reason that 'they needed killing.'

Sorry, you think things are a certain way. They are not. Those with open eyes can see this.

Re:Pincus

[Jeremiah Cornelius]

Jews.