Groupon fires CEO (Andrew Mason), CEO get $378.36 in sev.

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Groupon fires CEO (Andrew Mason), CEO get $378.36 in sev.

Postby Administrator » Fri Mar 01, 2013 3:16 pm

Yesterday, Groupon fired Andrew Mason who was their CEO.

His severance was $378.36 :shock:

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.
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