Groupon CEO Sounds Fine About Getting Fired
Andrew Mason writes snarky farewell
By John Johnson, Newser Staff
Posted Feb 28, 2013 5:37 PM CST
Andrew Mason, left, CEO of Groupon, and Erik Lefkofsky, chiarman of Groupon, in a 2011 file photo.   (AP Photo/Julie Jacobson)

(Newser) – Groupon gave CEO Andrew Mason the boot today after another lousy earnings report, and the company's long-suffering stock immediately jumped more than 7%, reports the Wall Street Journal. The ouster wasn't much of a surprise, and Mason himself seems to have accepted it with sense of humor intact, as evidenced by his farewell memo to employees picked up by AllThingsD. "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," it begins. "Just kidding—I was fired today."

Mason runs through some of the problems Groupon has faced, including "controversial metrics," and says he is accountable as CEO. But he's also "terribly proud" of the company he co-founded. "I’m OK with having failed at this part of the journey," he writes. "If Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever play through."

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Showing 3 of 9 comments
Jojo
Mar 1, 2013 3:12 PM CST
STILL, to this day, have never heard of Groupon outside of Newser. If there were ever a case for evidence of stock market fraud, I would start with Groupon.
Tology
Mar 1, 2013 9:38 AM CST
He's probably filthy stinking rich, so why shouldn't he be happy.
NoahBody
Mar 1, 2013 2:14 AM CST
Kudos to Mason for accepting responsibility. Big business needs more people like him ... well, more like him and even more who won't run their companies into the ground.