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Indeed, they will only have one IPO. But the PR backlash can seriously affect it, if it's made clear to everyone that the execs are crooks, and that they'll nev
by fab13n 15y ago
Indeed, they will only have one IPO. But the PR backlash can seriously affect it, if it's made clear to everyone that the execs are crooks, and that they'll never be able to hire talents again.
- ChuckMcM 15y agoThe poster child here is Groupon (GRPN) and while the poor choices of their executives did negatively affect the IPO they are still (11/9) trading above their IPO price of $20 ($24.50 when I glanced).
- fab13n 15y agoI don't think that Groupon execs are widely perceived as crooks, whereas Zynga's ones are more than hard to defend here. Moreover, Zynga execs' move was likely intended to increase the total worth of their shares; if they manage to claw 20% more shares, but destroy 30% of each share's value, they've hurt themselves even in the short term (figures made up for illustration, obviously).
- sabat 15y agoI don't think that Groupon execs are widely perceived as crooks, whereas Zynga's ones are more than hard to defend here. Actually, Groupon's execs are widely perceived as crooks.
- Kavan 15y agoFrom my perspective, and I think it is inline with consensus, Andrew Mason is quirky and different, but is not a crook. He handled the Japanese new year issues pretty well last year. http://techcrunch.com/2011/01/17/groupon-ceo-andrew-mason-sorry-for-osechi-snafu-we-really-messed-up/ http://techcrunch.com/2011/01/17/groupon-ceo-andrew-mason-so... Their sales teams are apparently very aggressive but that doesn't make them crooks.
- onemoreact 15y agoThere market cap is still well below what their first IPO was going to be set at.
- vikas5678 15y agoWhile GRPN IPOed at $20, it opened for trading to the public at $30 and its dropped daily ever since.