Yahoo has had a steady exodus of talent for years. Why? Part of the reason is the stock performance.
There is a post by a Zynga engineer on why work for Zynga?
Work For Zynga?
The SJ Mercury news has a post on employees fuming about the declining stock price. Part of what is fueling the anger is what insiders were able to take advantage of.
Pincus and other executives sold 43 million shares, at $12 each, in the April deal. Limited to senior management and directors, it was explained as an effort to stagger the timing of when stockholders may cash out, preventing a simultaneous sell-off at the expiration of the lock-up.
Vs. the rest of the employees were able to exercise at the end of April.
The Farmville publisher is now barely holding at $6, down 40 percent from a December IPO price of $10, as employees at the end of April were freed from their "lock-up" agreements to sell their stock holdings. Employees past and present told Reuters that morale is ebbing along with the stock price.