CNBC Names Obama Super PAC Donor Fourth Worst CEO of 2012

Mark Pincus' Zynga has been 'nothing short of a disaster'


CNBC has named Zynga chief executive officer Mark Pincus the fourth worst CEO of 2012.

The network’s Herb Greenberg noted many thought Pincus should top the rankings, calling the year for the online gaming company “nothing short of a disaster” with “no strong strategy” apparent and defections of key personnel.

Pincus notably donated $1 million this fall to the Obama-affiliated Super PAC Priorities USA — best known for suggesting Mitt Romney may have been responsible for a woman’s death.

Zynga also announced 160 layoffs this fall.

Zynga, the company behind Farmville and Words with Friends, saw its shares slide nearly 5 percent Monday to $2.42. In December 2011, the stock opened at $11.

Obama’s largest donor, DreamWorks CEO Jeffrey Katzenberg, sits on Zynga’s board.