UPlanMe Small Business Blog


How Not To Act When Running a Public Company

Today, Groupon’s CEO and founder, Andrew Mason was fired from his post as CEO.  This is NOT surprising whatsoever.  Especially considering that his farewell memo to employees was filled with the same odd, cavalier and insensitivity that he’s been known for throughout his tenure.  Some of the comments he made in poor taste:

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 Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever play through.

I’ll now take some time to decompress (FYI I’m looking for a good fat camp to lose my Groupon 40, if anyone has a suggestion), and then maybe I’ll figure out how to channel this experience into something productive.


[Andrew Mason from Vanity Fair - a Sign of things to come]

Mr. Mason, may I remind you that through the course of your leadership as CEO of a public company, you have deteriorated your Shareholders’ value by 75%!!!  This is absolutely no laughing matter.I would have to imagine that many of these shareholders include public pension funds and “mom-and-pop” retail investors.

Let’s hope there is not a next time around, but if so, maybe you can show a bit more dignity and not turn everything into such a laughing matter.

My two cents.

Update: Want to see some of the other “un-CEO” like shenanigans he’s done over the years? Check out this post: http://www.businessinsider.com/andrew-masons-weird-groupon-ceo-2013-2?fbp=1