Groupon CEO Andrew Mason fired, Google CEO Sergey Brin feels emasculated by phones but not by nerd glasses and Yahoo CEO Marissa Mayer is putting an end to remote work. Plus Oscars & Fashion. Here is our take on the week that was!
Groupon CEO Andrew Mason will be leaving the company he announced Thursday after a disastrous company earnings call on Wednesday.
“Groupon is a special kind of company,” CEO Andrew Mason said Wednesday amid reports that he is going to be fired. “I’ve seen Groupon crush the most seasoned professionals. What Groupon needs from the CEO role is consistent leadership.”
Groupon’s precipitous stock decline since its public offering in November 2011 has turned the local commerce company from a web hero to a piñata. The problem is that of false expectations and lofty valuations from a company that was never really a tech-company.
In a rare move, Groupon is swapping out directors without waiting for terms to end — switching high-profile Starbucks CEO Howard Schultz out for American Express CFO Daniel Henry. Another swap for Deloitte’s Robert Bass gives the board more finance gravitas.
The lawsuits are coming fast and furious against Groupon (s GRPN) after the daily deal site admitted to dodgy accounting tactics in a recent SEC filing.
Startups often rail against copycat companies, arguing that they steal their business and their ideas. But maybe the secret to beating clones isn’t to waste time trying to shut them down — it’s to accept them and focus on being bigger, better and faster.
Once again, Groupon is in the news for all the wrong reasons. Margo Georgiadis, hired as COO only five months ago, is going back to Google (…
Groupon may be in a quiet period as it gears up for its IPO, but it has been the subject of many a story questioning its business. Now, a le…
Andrew Mason has no problems being viewed as a quirky guy. Indeed, he thrives on it, as exhibited by his insistence that his grimacing Illin…