Zynga Wants Employees To Give Back Stock

The employees need to hire a large legal team to protect their shares... This will most likely halt any IPO plans... If it is in their employment contract then they get the shares... California is very good state to sue them over breach of contract...

dont give em back

Are the CEO and top executives also giving the shares back? Or they will be the 1% to become rich based on their employees expense

WOW! I think Mr. Pincus should be shot in the #$%$ which is pretty much anywhere on his body because that's what he is. The nerve... asking for stock back!

I am sorry to say with the job market the way it is, the employers can do anything they want. To the author Jennifer LeClaire, you said you would run away from a job offer from Zgyna, if you were out of work and needed the money you would be lick the poop off their shoes to get a job working for them. Anyone who has been un-employed for any long period of time would still gladly work for Zgyna despite what they do to their employees. Ask any un-employed person who is about to lose their house would they work for Zgyna? You already know what the answer is.

With the all the off shoring going on until those idiot politicians (dems and repubs) realize what the heck that is doing to our country we are all up the snit creek. But, they will not stop it because they make to much money off it. Did, you know that the US actually pays companies to help them to setup offshore sites? If the dems tell you that they want to stop this, they controlled the house, the senate and the white house for 2 years, why the heck didn't they stop this, the answer is that they make too much money in kickbacks because of it.

I feel bad for the employees. They were offered the shares to give forth their best effort in designing the online games. And now, when the company is successful, the execs want to steal back the shares to get an even higher bonus for themselves at the expense of the people whom made it possible.

I look forward to never EVER playing a Zynga game again.

I wish all their employees would quit on the spot and the company goes down the drain so those greedy idiots learn what happens to people who try to screw other people over!!!!

How about, they give you the finger and you buy the stocks back? Seems more than fair to me you greedy butts.

Stop playing playing Zynga games. Screw these people. Put them out of business. First class #$%$ of the earth.

Zynga treats their customers even worse. I stopped playing ANY Zynga games 4 years ago. At that time I was playing their Vampire Wars game. Found that several of the people I played with actually worked for Zynga. They were giving out scripts to level up for a price. And people paid. Not to mention that people paid to play in the first place. I never paid to play, it was a game not my life. Plus the game was so glitchie. One day I woke up to find my Vamp stripped of everything. I eventually was given back everything. But the was the pretty much the end of my dealing with Zynga. These employees should ban together, hire a lawyer to protect them. Zynga SUCKS!!

The ganes suck. They have the worst customer service ever. When you contact them it takes forever to get a response, and when you get it it's a cut & paste response. They should be ashamed, but it seems to be inline with how they treat the consumer.

zynga has already outsourced a large number of jobs to India and Central America . zynga's DAU daily average users is falling rapidly do to the poor customer support and substandard programing they now have . Pinkass has to more to show a larger profit of this may be an IPO flop and he won't be able to cash out and may not be able to pay off his investors .

I don't see the differance between Zynga and it's employees and Zynga and it's game players. Zynga is perfectly willing to steal chips back from its players and also allow hackers on their sites to rob the gamers as well,they are sloppy and it will catch up with them.

Usually companies just clean house and do a huge layoff before going public to free up all those unvested options. Slimy, but legal, and employees fall for the ruse all the time. Work like a dog for a year or two, then get laid off before most of your shares vest.
This latest move by Zynga is a new low.

zynga, dont be a #$%$ with your employees. it will eventually come back to bite you in the #$%$

I see Wrongful Termination suits in their future!

Executive Bullying is over all of them should resign. Fire all Executives for their greed.
Lawsuit do not give back make them eat it.

Nana nana booboo, Not given stocks back to you #$%$!!! A really crappy way to treat the people who made you Zynga.

Stinks, but employer holds all the cards if the agreement is like most incentive stock option plans.
- If the employee is let go for cause, they get nothing.
- If they decide to leave, they may be able to buy and hold the options, but would then usually have to front a ton of cash.

Got to agree with the author though: HUGE managment mistake. No one new will work for them unless they pay huge upfront and serve cocktails at lunch, and the people there will all be 100% gone on the day after the IPO. (Making the company worth ZERO going forward, and droping what they can get per share in the IPO. No winners here... DUMB, DUMB, DUMB...)

At this point, the company has played its hand. Tell them to shove it, let them fire you and still become filthy rich after they go public. You think at this point they are going to risk becoming uber-wealthy just to spite employees by not going public?