Share what you know with millions of people
Focus is the best place to turn what you know into remarkable content
0
Was Zynga's strong-arming of employees to give back stock before IPO right or wrong?
According to this article, Zynga executives met and decided to ask certain early employees, whose contributions in their eyes didn't justify the potential returns they'd get from an IPO, to give back stock.
What do you think of what they did? The executives said it had to be done in the best interest of the company. The additional stock could be used to attract new employees. Would Zygna employees (those not targeted) feel good or bad about this tactic? What about the ethics (keeping your word) involved?
Events
- Dos and Don'ts of Small Business Marketing May 29 @ 11 am PT
- Lead Nurturing 202: The Next Generation May 31 @ 11 am PT
- The Tricks to Paid Media June 6 @ 11 am PT
- Display Advertising for Brand Awareness June 20 @ 11 am PT
Related Activity
3 Answers
Wrong! It will be interesting to see how recruiting goes after this incident and how the market perceives the leadership team.
This decision has ZERO integrity and casts a serious shadow on the trustworthiness of company leaders, not just in HR decisions, but all decisions going forward. What is their compass? What morality is attached to it if any?
They hired these people, they gave them stock as part of the offering to make up for lower salaries, and then in hindsight decided "some" employees didn't deserve what they were given?
How do you do that with any conscience? Regardless of whether they "made a mistake" in the early days of the company by giving stock to new employees, they made the choice they thought was "best for the company" at the time and they need to live with that choice.
You don't come back with hindsight and say "Oh sorry we screwed up by luring you in with stock at the time of your hiring. We shouldn't have done that so please give it back."
Unfortunately, this behavior seems all too common in today's severely ethically challenged corporate environment.
Considering the apparent lack of morality, ethics and integrity we have seen in big businesses to say nothing of Wall Street should we be surprised at this kind of tactic? Maybe they are just playing "follow the leader" where greed tops all.
Answer This Question