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I've had little respect for the way Mason ran Groupon, but I have immense respect for the way he's handling his dismissal.
by sethbannon 14y ago
I've had little respect for the way Mason ran Groupon, but I have immense respect for the way he's handling his dismissal.
- larrys 14y ago"for the way he's handling " Assumes he wrote the statement and wasn't helped by PR people of course. In that case he gets credit for at least listening to those more experienced than he is. Can't tell without seeing his reaction in other situations that are similar of course.
- ovoxo 14y agoIf you've ever seen, read, listened to anything from this guy, you know he doesn't use PR people. Trust me, this is straight from his mouth/mind.
- larrys 14y agoThanks I was wondering about that.
- petercooper 14y agoYeah, he was once meant to be on TV news talking about Groupon and because they asked a question he didn't want to answer, he told a funny irrelevant story about his life just to play out the clock. A real square peg in a round hole but in the best possible way (though not necessarily from investors' POV).
- larrys 14y agoSame as politicians do. It takes some practice to learn to do that. I would suspect he was prepped in evasion techniques prior to the TV appearance. Actually hard to believe he wasn't schooled in some of this actually.
- shadowmatter 14y ago"John, I'm just been told that Groupon is announcing my termination tomorrow. If you could put me in touch with a PR person that's familiar with Battletoads, I'd be very appreciative."
- bigiain 14y agoIndeed - that's a really well written letter. (Though cynical-me wonders how much of it is heartfelt and honest, and how much of it is carefully engineered spin - crafted and chosen by a team of psychologists/marketers. About the only admirable thing about Groupon, at least to me, is their magnificent use of language to persuade and influence both buyers and sellers of Groupon deals.)
- danilocampos 14y agoWith Mason, I'm assuming phoniness at every turn: http://news.ycombinator.com/item?id=5301302 http://news.ycombinator.com/item?id=5301302
- 9999 14y agoI assume Mason answered that question about ten thousand times before at that point. If the person that asked that really asked it like that, then I have to say it was a poorly phrased, thoughtless question that no CEO would answer. He's hardly a phony for having answered it with a simple, "Yes." How would you actually expect him to have answered that? What's your ideal scenario there? "Nope. We're hosed. Everyone get out now." Would you have wanted to hear all of his strategies for how he was going to make it sustainable? So their competitors could preempt them? Perhaps if the question had been asked in a more thoughtful manner, he would have elaborated in greater detail.
- danilocampos 14y agohttp://news.ycombinator.com/item?id=5301375 http://news.ycombinator.com/item?id=5301375
- raylu 14y agoI felt it was dishonest when I got to "good fat camp to lose my Groupon 40." It seems he tried really hard to inject humor and trivialities into the letter.
- callmevlad 14y ago
- nraynaud 14y agoA funny goodbye letter doesn't make up for lying consistently to investors since before the IPO. He failed, a lot, he did not have an accident, he failed over a long period and in various ways (ripping off the shops, the accounting trick and the share value/financial results). He's not a hero for writing this letter, he as to be treated with circonspection, and at best given a second chance under close watch.
- clark-kent 14y agoUnless you have been in his position, running a multi-million dollar public company for the first time in your life, you don't know what mistakes you will make.
- nraynaud 14y agoAnd? I would probably fail way sooner, and that wouldn't mean that making a funny departure letter should save my ass if I misled people.
- nemothekid 14y agoclark-kent is right. Hindsight is 20/20. I'm sure we all know Tom Brady shouldn't have made that pass that caused the game losing interception, but its hard to say if you were in his shoes at that point, that you would have done it any differently/better.