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Zynga's Pincus makes Worst CEOs list

Dartmouth professor ranks social gaming chief fourth on annual rundown of ineffective executives

Zynga is getting a dash of insult to go with a year full of injury. Dartmouth business professor Sydney Finkelstein has included Mark Pincus on his annual list of the five worst CEOs, according to Bloomberg Businessweek.

Pincus made the list because Zynga stock is down 75 percent over the course of the year and the company has been hemorrhaging key talent. Finkelstein took exception to Pincus' reliance on Facebook for revenue, as well as selling off 16 million of his own shares in Zynga as soon as possible after the IPO.

Finkelstein put Pincus as his fourth worst CEO of the year. By the business professor's assessment, Pincus is actually worse than fifth place CEO Rodrigo Rato, who resigned from Spanish financial giant Bankia in July, and is now under investigation for fraud after the institution's collapse and subsequent government bailout.

The worst of the worst was Best Buy's Brian Dunn, who resigned in a scandal and oversaw declining stock prices, sales, and market share. Trailing him (but still worse than Pincus) were Chesapeake Energy's Aubrey McClendon and Avon's Andrea Jung. Dishonroable mentions were doled out to Facebook's Mark Zuckerberg and Groupon's Andrew Mason, who saw their companies stumble after much-anticipated IPOs.

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Latest comments (4)

Peter Dwyer Games Designer/Developer 4 years ago
Investors really and I mean really need to start actually researching the companies they invest in. The valuations for a lot of online social companies is nonsense of the worst kind. You simply can not have companies valued at billions based solely on the number of non-paying users. The key here is non-paying. Even if you then got the 2 to 5 percent conversion it wouldn't come close to achieving the valuation figures.

I'm starting to think the CEOs of these companies take private lessons from hypnotists and simply bedazzle the investors into believing the exact opposite of reality. The worrying thing is that this bad ceo list reads like a who's who of those overvalued companies.
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Nicholas Lovell Founder, Gamesbrief4 years ago
I'm intrigued to know which companies are valued highly on the basic of multiples of users.
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Peter Dwyer Games Designer/Developer 4 years ago
Er that would be Zynga and facebook for starters.
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Show all comments (4)
and in other news.
Zynga Japan to close (I guess its a case of a company growing too fast without the normal precautions of sustainable growth)

http://www.serkantoto.com/2012/12/21/zynga-japan-close-down/
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