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Groupon (GRPN) chairman Eric Lefkofsky "is a brilliant guy ... But his greed overwhelms his...

Groupon (GRPN) chairman Eric Lefkofsky "is a brilliant guy ... But his greed overwhelms his intelligence. It drives him to make short term decisions ... And he does not mind if other people get burnt." Thus speaks a former Groupon exec in an expose by The Verge's Ben Popper. Sources suggest Lefkofsky and the controversial Samwer brothers (behind Groupon-acquired CityDeal) were bent on short-term growth (fueled by dramatic salesforce expansion) at all costs, and that Andrew Mason was made "the fall guy for Groupon’s public plunge." (previous)
Comments (3)
  • Paulo Santos
    , contributor
    Comments (17883) | Send Message
     
    Well, short-term growth fueled by dramatic salesforce expansion doesn't seem to work badly for CRM, taking into account the share price and market capitalization.
    13 Mar 2013, 09:17 PM Reply Like
  • Jennifer Lynn
    , contributor
    Comments (64) | Send Message
     
    The model was never there to begin with.
    13 Mar 2013, 11:05 PM Reply Like
  • funnel
    , contributor
    Comments (3) | Send Message
     
    Its the old dot com mentality. Churn and Burn..... and disappear.
    14 Mar 2013, 11:11 AM Reply Like
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