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February 28, 2013 22:06
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Outgoing Groupon CEO's statement, wherein he references Battletoads and wins my heart.
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Full text of his statement: | |
(This is for Groupon employees, but I’m posting it publicly since it will leak anyway) | |
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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