Friday, March 1st, 2013

Andrew Mason And His $378.36 Severance Going Private

When I asked him whether he regretted going public—whether he thought he could have accomplished more without the market pressure—he became incensed. "I feel like the only reason you could be asking me that question is because you think I’m stupid or because you’re trying to see if I’m going to lie to you."

Say what you will about fired Groupon (current share price: 4.53) CEO Andrew Mason—he's a slob, he made terrible choices, his company was pretty close to being a scam for desperate businesses of the recession era—but at least he always makes sure to give a entertainingly terrible interview. I do look forward to his next company, built on his earnings.

4 Comments / Post A Comment

eriklazer (#8,232)

You mean the $30 million in investor capital he cashed out pre-IPO, and the $200 million in shares of Groupon that he still owns?

Tuna Surprise (#573)


Yeah, don't feel bad for him. Feel bad for the IPO investors who bought at $20 per share!

deepomega (#1,720)

Yeah but he made a Battle Toads joke in his "I was fired" memo. That's worth something!

stuffisthings (#1,352)

@deepomega Altered Beast or GTFO.

Post a Comment