Groupon sticks with the same chief

Andrew Mason will remain as chief executive of Groupon after the board of directors decided on Thursday to retain the firm's co-founder as head of the struggling online marketer of daily deals.

Shares of Groupon, which fetched US$20 on its Wall Street debut last year, slid almost 4 per cent to US$4.36 in after hours trade.

The stock had jumped a day earlier, when Mason said he would fire himself if the board decided on that step at its regular Thursday meeting.

via Business feed http://www.scmp.com/business/companies/article/1094786/groupon-sticks-same-chief