Ousted Groupon CEO Andrew Mason Gets $378 Severance Package
In a world of multimillion-dollar golden parachutes for big-time executives, Groupon's ex-CEO Andrew Mason will have to make do with a severance package of a few hundred bucks.
In a world of multimillion-dollar golden parachutes for big-time executives, Groupon's ex-CEO Andrew Mason will have to make do with a severance package of a few hundred bucks.
Andrew Mason has been ousted as CEO of Groupon, the company announced just after the markets closed on Thursday. Mason will be replaced by the newly created Office of the Chief Executive while a successor is sought.
Plenty of market-moving news will break this week: One way or another, big changes loom due to Washington's budget fight; and Home Depot, Groupon, Best Buy, RadioShack and Monster will report earnings.
Daily deals leader Groupon had one of the worst post-IPO performances of the past year: Since it went public last November at $20, it has shed roughly 80% of its value. But analysts expect a small profit out of Groupon when it reports on Thursday.
Groupon is taking its discounting prowess too seriously. Shares of the daily deals leader took another hit on Monday night after posting disappointing quarterly results.
Groupon Inc.'s shares soared in trading Monday ahead of the online deals company's first-quarter financial report, which comes out after the market closes.
Every bullish run or bearish retreat offers a great opportunity to learn something about the market and the publicly traded companies that make it happen. So what did 2012's monstrously good first quarter teach the observant investor?






