Large companies tend to attract upscale professionals with the expectation of high salaries and also with the option of the company's shares. The producer of games like CityVille and Farmville, Zynga, also uses the same resource. However, it seems, the company's CEO, Mark Pincus, is regretting the decision. And asking the shares back. In fact, requiring - on penalty of dismissal.
On Thursday, 10, The Wall Street Journal reported that Pincus, according to him, handed too many programs to its employees. The number (withheld) would be so great he decided to adopt a far more controversial than nipples: ask for anything back.
In fact, he is not asking for the return of the actions of all employees. A few still keep the - it is speculated that only the board. But a need to return them most - those that the board considered "unworthy" to have them. To determine which employees should make this return, executives from Zynga decided to measure how much influence the activity of that employee in the company's profit.
Who gets a profit shares. Who generates only expense (eg cleaners, receptionists, office staff and even people from engineering) will need to download and return the head actions without complaint. Those who complain, or refuse to return, will be fired. That is, something highly questionable.
The case, however unfair that is, explanation is financial - which, like everything in capitalism, means money. Zynga announced that should go public, launching initial public offerings, and yet according to The Wall Street Journal, the initiative to ask the shares back due to fear of losing large sums in the bag with the offer, if one employee decides to sell their own, turning them into cash.
One of the sources consulted by the newspaper said the company is afraid that happen to Zynga the same has happened to Google in 2004, when the Mountain View company went public and its employees - a cook, you see - resigned company with $ 20 million in his pocket, the sale of shares he received as a bonus. In the case of Zynga the damage would be much higher because the company's capital is much smaller than that of Google (obviously), but proportionately, the percentage of the shares distributed to employees is huge.
According to CNET, after selecting the employees who should return the shares, Pincus is facing a near-riot by their employees, they never imagined they would have to 'compensate' Zynga.
Obviously, besides losing the right money (the shares are worth much, and the IPO should value highly), nobody likes to be pressured with threats of any kind. Two employees have already filed in court to keep the shares: one 'resigned on their own, the other still works there.
Even with this unusual and offensive attitude, Zynga executives assert that this was the best decision to be made for the good of the company. If they will or will not turn against the company, we will only know the progress of the case.
0 comments:
Post a Comment