Pincus and his financial backers were looking for ways to maximize their own wallets without having the Skype fallout of firing people before the IPO. This was simply the reason for the clawback.
If he just fired the people there would have been a big blowback like what we heard happen when Skype fired a group of employees before the Microsoft acquisition was a done deal.
Pincus is a ruthless and shrewd businessman. From the co-opted game designs of others to cutting out some employees from the IPO's rewards, he is definitely not someone who can totally be trusted. He will do what's best for him.
Skype, Groupon, and Zynga are showing a more cutthroat way of doing business in SV. The high valuations that their investors entered into these deals are demanding ways to squeeze out as much of return as possible.
Google, Apple, Microsoft, Yahoo, and the old guard were all about maximizing both investor and employee shareholder value. Now it seems its mostly about the investors and some "worthy" "chosen" few.
Jim Davidson Co-Founder and Co-Chief Executive Menlo Park
Glenn Hutchins Co-Founder and Co-Chief Executive New York
David Roux Co-Founder and Chairman Menlo Park
Alan Austin Managing Director Menlo Park
Mike Bingle Managing Director New York
Eric Chen Managing Director Hong Kong, Shanghai
Egon Durban Managing Director Menlo Park
Charles Giancarlo Managing Director and Head of Value Creation Menlo Park
Kenneth Hao Managing Director Menlo Park and Hong Kong
Christian Lucas Managing Director London
Greg Mondre Managing Director New York
Joe Osnoss Managing Director London
Sean Delehanty Director New York
Stephen Evans Director London
Tony Ling Director Menlo Park
Todd Morgenfeld Director Menlo Park
Simon Patterson Director London
Zheng Wang Director Hong Kong
Masao Yoshikawa Director Tokyo
Joerg Adams Principal Menlo Park
Jonathan Durham Principal London
John Flynn Principal London
Adam Karol Principal New York
Karol Niewiadomski Principal London
Jason White Principal Menlo Park
Lee Wittlinger Principal Menlo Park
Phillip Wood-Smith Principal New York
Jason Young Principal
Pincus and his financial backers were looking for ways to maximize their own wallets without having the Skype fallout of firing people before the IPO. This was simply the reason for the clawback.
If he just fired the people there would have been a big blowback like what we heard happen when Skype fired a group of employees before the Microsoft acquisition was a done deal.
Pincus is a ruthless and shrewd businessman. From the co-opted game designs of others to cutting out some employees from the IPO's rewards, he is definitely not someone who can totally be trusted. He will do what's best for him.
Skype, Groupon, and Zynga are showing a more cutthroat way of doing business in SV. The high valuations that their investors entered into these deals are demanding ways to squeeze out as much of return as possible.
Google, Apple, Microsoft, Yahoo, and the old guard were all about maximizing both investor and employee shareholder value. Now it seems its mostly about the investors and some "worthy" "chosen" few.
With the shortage of talent, we have no need to work at company backed by these guys. Do so at your own risk!