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Nitasha Tiku

04/23/14 03:32PM

Filed to: Zynga

Former CEO Mark Pincus just stepped down from all his operational duties at Zynga, which went public at $10/share and is now trading at $4.60. "Ultimately a ship is better with one captain," he said. Especially if that captain chucked so many sailors overboard.

Nitasha Tiku Nitasha Tiku 04/23/14 04:31PM

Here's the full memo from Pincus. But he was more candid in his interview with Kara Swisher. Minus 10 points for "entrepreneuring":

"I think I give myself high marks being an entrepreneur and entrepreneuring a big idea about how popular social gaming could be," said Pincus. "But I learned a lot of hard lessons on the CEO front … and do not give myself very high marks as a CEO of a large-scale company."