U.S. Day Ahead: It could be "no deal" for Groupon CEO Mason
Thursday, November 29, 2012 - 02:39
Nov 28 - Groupon's Andrew Mason faces a key test of his leadership of the beleaguered company when its board meets to discuss the future of the CEO.
▲ Hide Transcript
▶ View Transcript
Upon box and your reasons as he would hire himself could -- -- it might not be his voice anymore. The beleaguered company's board is expected to meet on Thursday to discuss the CEOs future Mason has already said that -- -- were comfortable with his strategy. I know he has presided over some high profile departures from his team. Also -- lost 80% of its value since its market debut and reported. They're still be work to cop. That's the case of rearranging the deck chairs -- the attack the problem with Groupon is in his leadership on the reason the problem is the company's business model flawed. Company's main business Internet coupons is melting down really quickly. Good -- trying to replace this by selling goods directly to consumers. Problem with this is that there are a lot of competitors do the same thing -- very hard way to make a living. He's spoken to business titans congressional leaders and even plans to go to a toy factory what's next for President Obama and his campaign to stop the US from falling off a bit of left. Well to me in GOP hopeful Mitt Romney. He's having a private lines with the former Massachusetts governor in the White House to get his idea on how to solve the country's financial problems. There have been some positive signs markets ended up Hartley I'm comments from house speaker John Boehner on a possible compromise. -- your day ahead did it is two point eight per cent and that's by how much of the US economy is expected to grow in the third quarter it's stronger than the previous estimate of -- for that makes you more restocking by businesses and -- trade deficit and keep in mind though that rising inventory levels could eat up potential growth. In the next quarter and one earnings focus will be on Barnes & Noble before the bell investors will want to know if it's and you know HD is flying off the shelves. We're definitely overshadowed by Apple's iPod Amazon's Kindle fire. So far we haven't seen any sales figures but one acquittal. I don't even know what the second most popular tablet -- online shopping during Black Friday morning IBM. I had dominated Dell investors are getting Barnes & Noble the thumbs up its shares have risen 14%. January we'll keep an eye on Tiffany result it will give us an outlook or how luxury able to you holiday season. To stay within -- British TV for more on the top market movers. Thursday we interview Academy Award winning pretty certain Harvey Weinstein on how -- hit movie winner is why he left Disney and his. Cracker onto your. Anthony mom this is right here.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code