/// LIVE from New York: Groupon’s Andrew Mason on the Hot Seat
Groupon CEO Andrew Mason is under fire on many fronts, and now some of his own board members are talking about replacing him . This morning he’s appearing at Business Insider’s Ignition conference in New York, so we should have a pretty good idea of the first few questions coming to him from Henry Blodget. Live coverage follows below: Hello there! Henry starts off with the obvious question: “What’s the deal – is the board going to fire you tomorrow?” Mason: Newsflash – our stock is down 80 percent. “It would be weird if the board wasn’t discussing whether I was the right guy for the job.” No question we’ve had “bumps in the road” but we’re creating new category. $5B in bookings in fourth year. Fending off 1,000s of competitors, etc. “I feel really good about the excecution of the team” “If I ever felt that I wasn’t the right person to do the job, I’d fire myself” Blodget: You’ve built this great business. “Heroic achievement”. However, you’ve gone from growth phase, now in a different place. “Are you the right guy for this job?” Mason: Yes.
LIVE from New York: Groupon’s Andrew Mason on the Hot Seat