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.
And set your stove to medium and watch Zynga slowly shrivel up and die
This has been a long time coming
haha nice bloomberg
Great picture. That is all. :)
Well deserved spot in all honesty.
Well considering his relation to FB, he also has no creative bone in his body so I'm not too disappointed to see his name on that list.
lol! Good job, Bloomberg! This guy really deserves to be in this list.
I'm really not surprised one bit. I never really liked this guy much in the first place.
He definitely deserves it. If not, just look at his damn picture....
hahaha! he truly chickens**t! but i play some of their games
If this guy is fourth, who are the three that are worse than him?
Zynga entered stock market to raise capital, steal it, and disappear.
Ha! In other news, oxygen is essential to continued human life.