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

(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."

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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." (Read more Groupon stories.)

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