The retailer’s latest designer line sold out soon after the products went live, and few if any of the 250 items are in stock ...
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.