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Howard Schultz leaves Groupon Immediately

edited May 2012 in Off-Topic
http://seattletimes.nwsource.com/html/businesstechnology/2018110304_grouponschultz01.html

Maybe he was upset by the "Too Much Beer" incident.

http://online.wsj.com/article/SB10001424052702304723304577366282578172486.html
"Chief Executive Andrew Mason told the company's employees Wednesday that the daily-deals site needs to grow up—right after he apologized for drinking too much beer."

Groupon replaces Schultz and another board member with an exec from Amex and another from Deloitte.

Comments

  • The user and all related content has been deleted.
  • edited May 2012
    You missed your calling, Maurice. I can just see you as a star lawyer, explaining to the jury that after all, the Beagle Boys merely committed a "financial impropriety" when they blew the door on Scrooge McDuck's bank vault.
    :-))
  • edited May 2012
    The user and all related content has been deleted.
  • The user and all related content has been deleted.
  • edited March 2013
    Reply to @Maurice: Living Social is probably not going to last either, or one or the other doesn't.

    "In the latest round, LivingSocial sold 7.5 percent of the company for $110 million. That suggests the company is worth almost $1.5 billion now. In an earlier round of financing, the company was valued at roughly $4.5 billion."

    http://www.reuters.com/article/2013/02/23/us-livingsocial-financing-specialdeal-idUSBRE91M03K20130223

    In other techsumer news, Apple hitting 52 wk low

    431.36 -10.04 (-2.28%)
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