100 most powerful 011 andrew mason

Andrew Mason

By Seth_M
  • Born

  • Period: to

    Attended College

    Mason went to college at the University of Chicago and graduated, but later returned on a scholarship in order to earn his masters , which he never did.
  • First Job

    First Job
    Although he majored in music at the end of his college career, Mason's first job was working for Eric Lefkofsky at InnerWorkings in web design.
  • Major Accomplishment #1

    Major Accomplishment #1
    Mason started off by developing the Point, a now largely inactive web platform, at InnerWorkings with the help off Lefkosky
  • Major Accomplishment #2

    Major Accomplishment #2
    From the ashes of the Point, which was far too abstract to market, rose the concept for Groupon, a site which made deals with businesses in order to provide customers with coupons. Groupon has sold more than six million deals.
  • New Job

    New Job
    Mason's longest lasting job was, of course, his CEO position at Groupon. He was originally making $180,000, but reduced it at his own recommendation.
  • Major Accomplishment #3

    In 2011, Andrew sold $10 million worth of Groupon stock before the company went public in November of that year and he continued to own 46 million shares.
  • Setback #1

    Mason was named "Worst CEO of the Year" by Herb Greenberg of CNBC. Greenberg wrote, in part, "Mason's goofball antics, which can come off more like a big kid than company leader, almost make a mockery of corporate leadership – especially for a company with a market value of more than $3 billion. It would be excusable, even endearing, if the company were doing well but it's not. Sales growth is through the floor...".
  • Setback #2

    Setback #2
    Mason was dismissed as Groupon's CEO the day after the company missed analysts' expectations for sales, and fell far short of the mark when it came to profit.
  • Networth

    Andrew Mason's networth rested at around $200 million.
  • Personal Characteristics

    Mason is married to pop/folk singer Jenny Gillespie. At one point, he had interned and worked Electrical Audio under Steve Albini. Also, after he left Groupon, Mason released his own album on Spotify and iTunes