Yes, our headline is correct.
Adding to the surreal but oddly refreshing departure of Groupon CEO Andrew Mason, it now appears that Mason's retirement package is minimal. As in $378.36. Not $378 million, or $370,000, but $378 – not nearly enough to even buy the proverbial gold watch (unless he shops on Canal Street).
Forget about golden parachutes. Mason may be the first CEO in modern-day capitalism to get a lead parachute.
(Read more: Welcome to the Billionaire Guessing Game)
The package amount is derived from Mason's salary. In regulatory filings, Groupon says that if he leaves the company, he will get six months salary. (He also gets six months of health-care coverage, so the total value of his package is clearly more than $378).