The Shock Of The Truth

Feb 28 2013 @ 9:58pm

You never really expect to read it – especially in the business world where lies and public relations and reputation management are endemic. And then suddenly, it pops up, shocking in its candor. Here’s the resignation letter of Andrew Mason, Groupon’s CEO:

“People of Groupon,

“After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding – I was fired today. If you’re wondering why . . . you haven’t been paying attention. From controversial metrics in our S1 to our material weakness to two quarters of missing our own expectations and a stock price that’s hovering around one quarter of our listing price, the events of the last year and a half speak for themselves. As CEO, I am accountable.

Now if only the Pope could have been as honest.