Stocks finished in positive territory on the first trading day of March, with the Dow within 100 points of hitting an all-time closing high, as a better-than-expected ISM manufacturing report offset worries over China and Europe and as investors shrugged off the looming government spending cuts.
With a severance of $378.36, Andrew Mason could probably score several vouchers for half-priced Thai dinners or Swedish massages, but the ex-CEO of Groupon might be soured on daily deals for a while.
Discussing the leadership of Andrew Mason at Groupon, with the "Power Lunch" crew. "So many hyper-growth companies go through this period," says Henry Blodget, Business Insider, and "I think any CEO [of Groupon] would have been fired," he says.
Groupon fired CEO Andrew Mason on Thursday afternoon. Mason said he's leaving because he's become a distraction for the company as it continues its turnaround. But how can it turn itself around? TheStreet.com reports.
Frank Sennett, Time Out Chicago editor-in-chief, reveals some of the tactical moves that brought the company down and lead to the ouster of its CEO Andrew Mason.
Groupon's board has fired the company's founder and CEO, Andrew Mason. CNBC's Julia Boorstin reports on likely candidates to replace the former top executive.
U.S. stock index futures held their losses Friday, weighed by a weaker-than-expected personal income report and weak economic data from Europe and China.
"I've decided that I'd like to spend more time with my family. Just kidding – I was fired today," Mason said in an email to employees announcing his departure.
Stocks eased off their best levels but eked out a gain on the final trading day of February, with the Dow within striking distance of a new all-time closing high and the S&P 500 logging its fourth-consecutive month of gains.