Zynga Demands That Employees Return Stock Options

The Wall Street Journal is reporting that social gaming giant Zynga has decided that it has been a bit too generous with its employees, recently demanding that they forfeit their stock options if they want to keep their jobs.

Although Zynga’s decision might be met with some criticism, the firm’s executives reportedly justified their strategy by saying it was best for the company. With the unvested shares, the executives believed they could attract more top talent with the promise of stock.

Really? Who in their right mind would accept stock options from Zynga after this stunt? Thanks to CNET for the heads up.

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