Groupon Pins Turnaround on Billionaire Co-Founder Lefkofsky
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Groupon Inc.’s choice of Eric Lefkofsky as permanent chief executive officer entrusts the daily deals site’s turnaround plans to a controversial Chicago billionaire with a history of failed endeavors.
Lefkofsky -- one constant at a company that has cycled through executives and dabbled in new business models to make up for waning demand in its main coupon business -- has shored up control after jostling with his co-founder Andrew Mason, whom he helped oust from the CEO role in February.