The lights are on
The respected business news organization has published its list of the worst CEOs of 2012, and Zynga's Marc Pincus makes the cut.
This year has been a tough one for Cityville publisher Zynga, which has suffered plummeting stock prices, layoffs and cancellations of games, and accusations of insider trading. For these reasons, and others detailed in Bloomberg's story, Zynga's Marc Pincus was named the fourth-worst CEO of 2012.
The list was compiled by Shelly Finkelstein, a professor at Dartmouth's prestigious Tuck School of Business. Of Pincus, Finkelstein says, "[Pincus] made some rookie mistakes, including hitching his company’s wagon much too securely to Facebook (FB), which Zynga relies on for a big chunk of revenue. And he hardly expressed confidence in the company’s prospects with his move to unload 16 million shares after the IPO lockup period ended."
Other CEOs on the list include former Best Buy CEO Brian Dunn, who left the ailing electronics retailer amid allegations of of an "inappropriate relationship" with a younger Best Buy employee, and Avon's Andrea Jung.
Source: Bloomberg via Gamespot
Email the author Matt Helgeson, or follow on Twitter, and Game Informer.
lol! and he deserves it! good job, Bloomberg!
I don't really like this guy, but I really like that picture of him.
It looks like his head was Photoshopped onto that body.
As a shareholder of Zynga's, I can confirm this.
HA! Nice job Bloomberg.
Great job Bloomberg.
Here's an idea: Let's make a game, give it to everyone for free, and wait for the millions to pour in. I think you got your business model from early internet sites Bloomberg. Great job!
This picture was taken a while back, but it fits the story. It's like he's shrugging a saying "whoops, you caught. I am a D-bag."
Sweet. Good on them for calling Zynga out.
d-bag picture of the year....
Surely a well earned fourth place.
Zynga was destroyed by those who made the vile beast and much rejoicing was had by the villagers. Seriously though this proves that people don't want shovelware even if they don't know any better than to pay for it. Soon free to play will be like Guild Wars 2 and games will be better off for it.
Good for him!