His severance was $378.36
No millions after that. Just $378.36 (plus 6 months of health care).
FINALLY a company that didn't have a golden parachute attached to the CEO. He sucked as a CEO and they booted him. Of course he still has millions worth of stock so you won't see him at the food bank.
Mason wrote the following in a memo addressed to the People of Groupon and made available to Reuters
After four and a half intense and wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family. Just kidding - I was fired today. If you're wondering why... you haven't been paying attention
At least the guy was being honest!
Avaya, Alcatel-Lucent, and HP (just to name a few) could learn something from this.