Andrew Mason the CEO of Groupon who was fired this week has
class and style. I have posted the goodbye
message he sent his Groupies and Groupon.
Andrew you are the man! Elon take note the folks at Teslacle also need new leadership.
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.
You are doing amazing things at
Groupon, and you deserve the outside world to give you a second chance. I'm
getting in the way of that. A fresh CEO earns you that chance. The board is
aligned behind the strategy we've shared over the last few months, and I've
never seen you working together more effectively as a global company - it's
time to give Groupon a relief valve from the public noise.
For those who are concerned about
me, please don't be -- I love Groupon, and I'm terribly proud of what we've
created. I'm OK with having failed at this part of the journey. If Groupon was
Battletoads, it would be like I made it all the way to the Terra Tubes without
dying on my first ever play through. I am so lucky to have had the opportunity
to take the company this far with all of you. I'll now take some time to
decompress (FYI I'm looking for a good fat camp to lose my Groupon 40, if
anyone has a suggestion), and then maybe I'll figure out how to channel this
experience into something productive.
If there's one piece of wisdom that
this simple pilgrim would like to impart upon you: have the courage to start
with the customer. My biggest regrets are the moments that I let a lack of data
override my intuition on what's best for our customers. This leadership change
gives you some breathing room to break bad habits and deliver sustainable
customer happiness - don't waste the opportunity!
I will miss you terribly.
Love,
Andrew
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