It does seem like there's some reason. I wonder if its a tax convenience thing. It says he got $7186 in other comp and the footnote that includes the cost of parking, etc... But that's non-cash so if he only made $1, they wouldn't actually have enough in his paycheck each month to cover the taxes that need to be withheld (social security, etc...) so he's have to go to the trouble of writing a check each month. It's a good gesture as is; no reason to make it logistically inconvenient on him and the payroll staff. My guess is if you put this all in an accounting system, someone who makes $757 in cash and $7186 in non-cash income in Chicago IL has to withhold $756 in various taxes on their W-2.
"Much of Mason's wealth comes from Groupon's stock. He owns 7 percent, or about 46 million shares, according to FactSet. Based on Thursday's closing price, that's worth more than $208 million."
The funny thing is he would have been much richer if he got fired much sooner. That would have given him an excuse to sell his stake before it tanked. Being the CEO meant he couldn't dump his stock.
the other perspective is that it isn't much for the sole founder of a company that Google offered $6B for, and was worth nearly $20B[0] in the public market.
> But those developments hurt Groupon’s pre-IPO valuation, which fell from a peak of $30 billion to one institutional investor’s estimate of $8.7 billion.
25 comments
[ 183 ms ] story [ 613 ms ] threadThe salary is disclosed in public filings.
http://www.quora.com/Groupon
And yeah, it could be a number broken down per year, per month, per week, per day, per hour.
The number is probably the exact amount to cover taxes on some other benefit, after taking out taxes on the salary itself.
2nd comment from http://www.businessinsider.com/bizarre-groupon-ceo-andrew-ma...
It does seem like there's some reason. I wonder if its a tax convenience thing. It says he got $7186 in other comp and the footnote that includes the cost of parking, etc... But that's non-cash so if he only made $1, they wouldn't actually have enough in his paycheck each month to cover the taxes that need to be withheld (social security, etc...) so he's have to go to the trouble of writing a check each month. It's a good gesture as is; no reason to make it logistically inconvenient on him and the payroll staff. My guess is if you put this all in an accounting system, someone who makes $757 in cash and $7186 in non-cash income in Chicago IL has to withhold $756 in various taxes on their W-2.
http://www.sec.gov/Archives/edgar/data/1490281/0001047469120...
I think he'll be ok.
I think he'll be more than ok.
http://www.npr.org/templates/story/story.php?storyId=1731820...
[0] Nov '12 peak was $20.15B http://knowledgetoday.wharton.upenn.edu/2011/11/groupon%E2%8... same article also says that pre-IPO secondary market valuation reached $30B
> But those developments hurt Groupon’s pre-IPO valuation, which fell from a peak of $30 billion to one institutional investor’s estimate of $8.7 billion.
Thats so sad!!!!