Groupon Will Reportedly Keep Andrew Mason As CEOBy: Chris Crum - November 30, 2012
Earlier this week, reports were coming out that Groupon CEO Andrew Mason was on a very short leash, with Board members discussing replacing him.
Kara Swisher at All Things D talked about a source indicating that Groupon needs “an Eric Schmidt,” in terms of an experienced CEO-type to Mason’s co-founder role.
Either way, the latest reports are indicating that Mason’s job as CEO is safe, at least for the time being. Reuters is reporting that he “will remain CEO of Groupon,” according to a company spokesman, who said as much after the board of directors decided to keep him where he’s at.
Groupon stock (which had actually been on an uptick) is now headed back in the wrong direction, currently at $4.21 at the time of this writing.
In other Groupon news, the company announced a multi-year partnership with Major League Baseball to become the official daily deals provider for the league and its teams.
image: Stanford Business (YouTube)