THE REPORT: The Wall Street Journal says Zynga CEO Mark Pincus is pushing some of its early employees to give back stock they own ahead of the company’s initial public offering of stock.
THE REASON: According to the Journal, Pincus wanted people to keep contributing to the company even when it got big rather than just wait to cash in. Early employees got more shares than those hired later.
IS IT LEGAL?: One employment lawyer says if the shares hadn’t been vested ? and the Journal says they hadn’t ? there aren’t any legal implications.