http://www.economist.com/blogs/schumpeter/2013/03/groupon-fires-its-boss
Groupon, a coupon company where people can claim amazing offers just fired its CEO the other day. For the past few quarters they have fell short of expectations leading for stock prices to drop to a quarter of what they should be listed for. The surprising part for the company was the bluntness that the former CEO had he was a person who just flat out said he was fired for not doing his job correctly. Its refreshing to see a person take responsibility for his actions and be reprimanded for it.
Groupon's business model was always a shaky one. The next CEO will be inheriting a huge mess, and it will be a challenging job to clean up and pave a clear direction for the company. The media spotlight will be fixed on every move the next CEO makes, he/she will either turn the company around, to the delight of shareholders, or possibly make the situation worse. Fingers crossed!
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