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Founder and CEO Andrew Mason fired from Groupon
Andrew Mason speaks onstage during the 15th Annual Webby Awards at Hammerstein Ballroom on June 13, 2011.
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This final note as we leave off today. The end of the beginning, perhaps, at the once-charmed daily discounter Groupon.
It's been a rough ride for the company almost since the day it went public. Shares are down 75 percent over the past year. 24 percent just today.
Which will make what I'm about to tell you completely predictable. Founder and CEO Andrew Mason is leaving the company. The best part was his farewell email. "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. Just kidding -- I was fired today. If you're wondering why... you haven't been paying attention."
Can't see (hear) where previous posters complaints are coming from. I enjoy the Ryssdal programs even if I don't always agree with some comments or conclusions. In fact, there are times when he reminds me a bit of Garrison Keeler without an occasional affected accent. Frequently both informative and entertaining. How much is one expectd to cram into such limited time slots?
Ryssdall is so irritating to listen to, I'm tuning out this program. today europe did something rational in trying to limit financial abuse and bailout by its citizenry. ryssdall claims "we don't like it here" - where did he get that? From just interviewing ceo's and benefit compensation negotiators? Where was the public's point of view. Where was the 10,000 mom and pop 401k investors vs the 10 ceo and board member balance of opinion? What a crappy program and reporting. And it just came on the heels of listening to olney's "to the point" about how 401k's have failed as a plan for retirement savings but yet for n0n-govt pensioners it's the only game left.
The fact that the lobbiests and ceo's "don't like" what europe had done is a little like one airline raising or lowering prices and seeing if the rest will follow. In this case it is the right thing to follow, yet ryssdall pimps and prostitutes the side that "no one here likes it". What a biased, un-investigated lopsided program.
