Also interesting that Groupon ceo salary is now at 575$.
Andrew D. Mason, Groupon?s eccentric chief executive, is presiding over one of the hottest tech companies of the moment.
And thanks to its initial public offering filing, we can add another interesting nugget: He recommended to Groupon?s board that his base salary fall to just $575 this year. Yes, that?s right, $575.
According to the Groupon regulatory filing, Mr. Mason already had the lowest base salary rate of the company?s top executives last year, at $180,000.
To be fair, Mr. Mason likely won?t be starved for cash. According to the filing, he will own about 7.7 percent of Groupon?s Class A shares and 41.7 percent of its Class B shares. (The latter help guarantee that he, along with two other executives, will effectively maintain control of the company.)
http://dealbook.nytimes.com/2011/06/...e-575-in-2011/