The victorious Founder CEO vanquishes the Professional CEO that was brought on by Venture Capitalists to replace him.
Groupon President and COO Rob Solomon Steps Down
11–12 of 12 posts
Re: Groupon President and COO Rob Solomon Steps Down
#12backstory is simple: Rob was brought in as adult supervision in case Andrew Mason couldn't handle his shit. Everyone was worried about this with Andrew early on (this is why so many VCs passed on Groupon in '09). Now Andrew has consolidated his position and at least proven he can handle rapid growth. No need for Rob. Therefore, Rob (who doesn't like Chicago anyway) has no reason to stay because he's not going to be C…
No reason other than, oh, on the order of $100MM in unvested shares?