"CEO Andrew Mason Replaced By Eric Lefkofsky and Vice Chairman Ted Leonsis At Groupon"
Ha, this is somewhat like Dick Chaney letting Bush take the fall for the Iraq fuck up and then take over in 2008 "to fix things".
(before you start hitting downvotes, read some background about this guy).
"Altogether, $946.8 million, or roughly 86% of the funds raised across the three investments, was paid out to Groupon directors, officers and stockholders. Just $151.4 million was retained by the company to use as working capital and for general corporate purposes."
Ha, this is somewhat like Dick Chaney letting Bush take the fall for the Iraq fuck up and then take over in 2008 "to fix things". (before you start hitting downvotes, read some background about this guy).
1) http://www.businessinsider.com/groupons-cozy-deals-with-lefk...
2) http://mashable.com/2011/06/02/groupon-cash-out/
"Altogether, $946.8 million, or roughly 86% of the funds raised across the three investments, was paid out to Groupon directors, officers and stockholders. Just $151.4 million was retained by the company to use as working capital and for general corporate purposes."