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.
Forget about golden parachutes. Mason may be the first CEO in modern-day capitalism to get a lead parachute.
It's been a tough week for multiple companies and their leadership teams, with the "Power Lunch" team and Henry Blodget, Business Insider.
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.
It seems former Groupon CEO Andrew Mason is leaving the company with a lot less wealth than he had a year ago, reports CNBC's Robert Frank.
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.
Andrew Mason signed off from the company he founded in his usual style: unconventional, colorful, full of humor and more than a little wacky.
"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.
CNBC's Julia Boorstin reports Groupon has announced its CEO Andrew Mason is leaving. The stock continued its fall today.
Salesforce.com reported quarterly earnings and revenue that blew past analysts' expectations. Shares jumped after-hours.
Check out which companies are making headlines after the bell Thursday:
Groupon reported earnings that disappointed the Street, but one analyst maintains his "buy" rating on the stock.
Arvind Bhatia, Sterne Agee & Leach analyst, discusses what's behind the website's unexpected quarterly loss, and weighs in with the best tech plays.
After J.C. Penney posted a larger-than-expected fourth quarter loss, CNBC's Jim Cramer asks how long CEO Ron Johnson can keep his job.
The "Squawk on the Street" news team reports on today's top businesses headlines, including the Dow and S&P nearing all-time highs; JC Penney's larger-than-expected fourth quarter loss; and two big banks downgrading Groupon.
A disappointing earnings release put new pressure on Groupon on Thursday, as the daily deal site got hit by a rash of analysts downgrades.