Former Groupon CEO Mason Received Compensation of $5,291Brian Womack
Former Groupon Inc. Chief Executive Officer Andrew Mason, who was fired in February by the company he co-founded, received a compensation package last year of $5,291.
Mason’s compensation included a base salary of $756.72 in 2012, unchanged from the previous year, according to a filing today with the U.S. Securities and Exchange Commission. He also received $4,534 in “other compensation,” which includes health-care costs. He got no bonus or equity awards.
The company reduced Mason’s salary and bonus on his own recommendation, according to the filing. Mason holds about 46.6 million shares in Groupon, worth about $292 million. He was paid a base salary of $180,000 and bonus of $350,000 in 2010.
Groupon fired Mason earlier this year after the daily-deal provider lost $723.8 million in the past three years. Chairman Eric Lefkofsky, the co-founder with Mason, and Vice Chairman Ted Leonsis are running the company, which has undertaken a search for a new CEO. Mason has also resigned from Groupon’s board.