Apple Executive Describes Zynga CEO as 'Near Tears' During Recent Meeting

November 16, 2012 -

Speaking to the Wall Street Journal (registration required to read the story), Apple director Bill Campbell shared a story about a meeting with Zynga chief executive officer Mark Pincus, where he described his demeanor as discouraged and being almost in tears about the fate of the company he created.

Campbell had a face-to-face with Pincus at a meeting set up by Zynga investor Kleiner Perkins Caufield & Byers. The goal of the meeting was that Campbell could give Pincus some advice that would help him become a stronger business leader. Campbell told the Wall Street Journal that the Zynga CEO was "near tears" during the discussion of how to turn around the company. Yesterday it was revealed that Zynga had reorganized its management team with the hope of changing the company to a mobile model and providing control to his management team in the process.

The company's stock has fallen dramatically since its $10 per share IPO earlier this year. Right now it is trading slightly above $2.

Source: GII


Comments

Re: Apple Executive Describes Zynga CEO as 'Near Tears' ...

Perhaps they shouldn't have taken the company public.  I don't mean to rube salt into any wounds, but when they announced that they were going public, I predicted this exact situation.  It wasn't hard to see coming if you were an objective 3rd party.

"If you really want to enslave people, tell them you are going to give them Total Freedom." - L. Ron Hubbard

Re: Apple Executive Describes Zynga CEO as 'Near Tears' ...

I really have to agree with this too.   The large emphasis on facebook game offerings didn't help in my opinion either... but that's probably a bit less related to their current situation.

 
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