The Straits Times
Published on Nov 29, 2012

Beleaguered Groupon CEO says will fire himself if needed


NEW YORK (REUTERS) - Groupon Inc Chief Executive Andrew Mason, under fire for a plunging share price and tapering growth, has declared he would fire himself if he ever thought he was the wrong man for the job.

Mr Mason, whose performance at the helm will come under scrutiny from company directors during a regular board meeting on Thursday, said it would be "weird" if they did not. But he said he believed the board was comfortable with his strategy.

"It would be more noteworthy if the board wasn't discussing whether I'm the right guy for the job," Mr Mason said. "If I ever thought I wasn't the right guy for the job, I'd be the first person to fire myself." "As the founder and creator of Groupon, as a large shareholder ..., I care far more about the success of the business than I do about my role as CEO," he said.

Shares of the company - once touted for innovating local business advertising through the marketing of Internet discounts on everything from spa treatments to dining - surged 11.6 percent to close at a one-month high of US$4.42 (S$5.41).