Well this should give a boost to the share price tomorrow as it should ensure no more top execs departing. Zynga just filed a new SEC document today outlining employee compensation. Pincus just reduced his salary to $1 with no options or bonuses this year. And the rest of the management team's bonuses will be performance based and not paid until Feb 2014, although their base salary have been bumped up significantly but they're responsibilities have increased significantly.
All things D wrote an article on it too
I am long and I personally don't like the smell of this. The future looks bright, but short-term might be a roller coaster ride! I will take 50% position of the table tomorrow. And will ride the wave above $4.50 to ensure my Bet! in @3.07! ...still got profit to ride with.
Taking one from the Jeffrey Katzenberg, CEO of DreamWorks Animation, and friend Board of Director at Zynga... BTW, when I worked at DreamWorks (DWA), Katzenberg used to play poker with us (Texas Hold'Em) once a month. He loves poker! These guys are in it for the long haul.
Sentiment: Strong Buy
Okay Pincus takes $1 salary and no stock for 2013 ... other top executives agree to no stock based compensation for 2013 ... do you know what that does to an income statement ... especially with our comparables!
They hire an ex-analyst as the Finance VP ... new FB terms with improved revenue sharing ... cost cutting ... RMG launch ... upcoming Draw Something 2 mobile and t.v. show ... enhanced ad revenue ... the writing is all over the wall ... we will be very profitable THIS YEAR! Get ready to ride the Zynga rocket!