IP Uh Oh

There Yesterday, Gone Today: Andrew Mason Fired as Groupon CEO

groupon

Rumors of Andrew Mason’s imminent demise as Groupon CEO started swirling back in November, but the bubble officially burst today following Groupon’s “disastrous” financial report.

Yesterday, in response to question about how the numbers would affect Mr. Mason, Groupon spokesperson Paul Taaffee told Bloomberg, “He’s here today.” He was speaking literally.

Groupon just announced that Mr. Mason is being replaced. The company has named a “newly created Office of the Chief Executive,” led by executive chairman Eric Lefkofsky and vice chairman Ted Leonsis, who will “serve in this role on an interim basis.” Read More