As reported by C|net on a Wall Street Journal article, Zynga, the company that made its fortune on viral games on Facebook has been compelling its employees to give up their pre-IPO stock options or risk being fired. There’s a word for that that has nothing to do with every day business. It is comforting to some CEOs who find themselves in difficult situations to justify their actions by claiming it is for the good of the company. But this isn’t the same thing as mandatory lay offs, or mandatory salary reductions to avoid lay offs in a time of crisis. Continue reading Zynga Extorts Employees of their Stock Options