Daily Archives: March 1, 2013

John Gapper

Groupon. Getty Images

Andrew Mason should have been fired as chief executive of Groupon a long time ago. The other pair of insiders that control Groupon should also take responsibility for the disaster of the online coupon company.

Mr Mason’s departure leaves his partners Eric Lefkofsy and Brad Keywell firmly in charge, since they control a majority of the voting shares. Never was the principle of buyer beware more apposite than in Groupon’s dual voting structure.