The apparel chain filed for bankruptcy in January and closed its e-commerce site and stores.
Don’t feel sorry for him, though: Sales of stock have made him a wealthy man.
While Groupon CEO Andrew Mason oversees one of the fastest-growing companies in history, his 2011 base salary stands at a paltry $575, according to a filing with the U.S. Securities and Exchange Commission. Last year, Mason’s total compensation was $184,599.
Groupon last week filed for an initial public offering.
Even though his salary is low, Mason isn’t likely to be starved for cash. He has already sold stock worth $27.9 million and his 7.7% share of Groupon’s Class A stock and his 41.7% cut of the daily deal provider’s Class B shares are worth roughly $371 million.
Here are the salaries for top Groupon executives and also their total compensation, which includes bonuses, option awards, stock awards and other payments: The first number is the executive’s 2010 salary, while the second figure represents2010 total compensation.
• Andrew Mason, CEO: $180,000; $184,599
• Jason Child, chief financial officer: $5,384; $9.86 million
• Rob Solomon, former president and chief operating officer: $263,846; $5.33 million
• Brian Totty, senior vice president of engineering and operations: $20,833; $2.68 million
• Kenneth Pelletier, former chief technology officer: $185,000; $192,838
The filing also notes that Margo Georgiadis, whom Groupon hired earlier this year as president and chief operating officer, will earn $500,000 in salary in 2011.