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Groupon CEO's Golden Parachute Misleadingly Small

By March 4, 2013

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Andrew Mason, co-founder and CEO of Groupon, was fired last week. As part of his severance agreement, Groupon will continue to pay his salary for six months. While that sounds like something on the smaller side for todays (usually) grossly overpaid CEOs, it's really small when you learn that he recently cut his salary from $180,000 to a rather strange $756.72 per year. That means he'll collect only $378.36.

When you look at Groupon's stock performance (stocker ticker symbol GRPN), and see it has fallen from a peak of over $26 per share to less than $6 in just over a year, you might feel sorry for him, but his roughly 46 million shares were worth over $200 million when he left the company.

I wonder how many Groupon employees know who Andrew Mason is. Most employees don't know Who is In The Corner Office.

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