Groupon Will Reportedly Keep Andrew Mason As CEO

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 […]
Groupon Will Reportedly Keep Andrew Mason As CEO
Written by Chris Crum

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)

Subscribe for Updates

Newsletter

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.

Notice an error?

Help us improve our content by reporting any issues you find.

Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit

Advertise with Us