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The strange letter from the CEO of Groupon after being fired

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The strange letter from the CEO of Groupon after being fired

Goupon co-founder and CEO Andrew Mason was fired. This is the rare letter you sent to your employees after hearing the news In the first days of March, the co-founder and CEO of Goupon, Andrew Mason, was fired. This is the Italy Mobile Number Database rare letter he sent to his employees (strictly speaking, former employees) after hearing the news. He also tweeted it among his 30,000 followers. The text is strong, and contains some humor, irony and a lot of sincerity. Groupon , one of the leading companies and pioneers in discount coupons, is not having a good time. In fact, the CEO and co-founder, Andrew Mason , recognizes it in the letter of farewell to his employees, after being fired by the board of directors.

The letter, published by TNW and translated by the site of Rosario (Argentina), Impulsonegocios.com , speaks of “weakness to not reach the projections in the last two quarters” and that the “value of the shares is around a quarter of the sale price ”. Acknowledging his work, in the text, Mason says: “As CEO, I am responsible.”

After four and a half intense and wonderful years as CEO of Groupon, I have decided that I would like to spend more time with my family. Just kidding, I got fired today. If you’re wondering why … you haven’t been paying attention. From controversial metrics in our S1s to our weakness to fall short of our own projections in the last two quarters and the value of shares that is hovering around a quarter of our asking price, the events of the last year and a half speak for themselves. As CEO, I am responsible.

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You guys are doing amazing things at Groupon and you deserve a second chance from the world. I’m getting in the way of that. A new CEO will give it to you. The board is aligned behind the strategy we have shared over the past few months, and I have never seen them work together as efficiently as a global company. Now is the time to give Groupon a relief from public pressures.

For those of you who care about me, please don’t, I love Groupon, and I’m enormously proud of what we’ve created. I’m fine with the fact that I failed this part of the trip. If Groupon were Battletoads (video game where your character must fight many enemies in different settings), it would be as if I had made it all the way to Terra Tubes (advanced level of the video game) without dying on my first try. I feel very lucky to have had the opportunity to take the company this far with all of you. Now I’m going to take some time to relax FYI ( , I’m looking for a good obese farm to lose my Groupon 40, in case anyone has a suggestion), and then maybe I’ll find a way to channel this experience in something productive.

If there is one bit of wisdom that Phone Number List this simple pilgrim wants to convey to you, it is: have the courage to empathize with the client. My biggest regrets are for the moments when I let the lack of information prevail over my intuition about what is best for our clients. This leadership change gives them breathing space to break bad habits and provide sustainable customer satisfaction. Do not miss the opportunity!

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