Seeking Alpha

Zynga (ZNGA +10.3%) is matching yesterday's gains as investors give a thumbs-up to the hiring of...

Zynga (ZNGA +10.3%) is matching yesterday's gains as investors give a thumbs-up to the hiring of Don Mattrick as CEO. Jim Cramer: "[$1.6B] in cash for a [$2.4B] market cap with a new ceo - that seems pretty hopeful. I am mindful about how well GRPN did after sacking Mason." The WSJ reports ~95% of Mattrick's compensation will be in stock. Fast Company reports Microsoft's (MSFT) pending reorg and the fact Mattrick "would not be getting a bigger role" spurred his departure. It also points out Mattrick was "the force behind The Sims" at Electronic Arts, and championed the Kinect at Microsoft. A Microsoft exec: "Don has this really ambitious vision ... Then he’s just relentless, dogged about pushing people beyond their comfort zones."
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs