Feb 4, 2023
$415,000/3 br/2400 sq ft Annapolis, MD Built in 1963
seen from Canada
seen from China
seen from United States
seen from China
seen from United States
seen from United Kingdom
seen from China
seen from Hong Kong SAR China
seen from United States
seen from Malaysia
seen from China
seen from United States
seen from Malaysia
seen from United States
seen from China
seen from Türkiye
seen from United States
seen from Malaysia
seen from Singapore
seen from Canada
$415,000/3 br/2400 sq ft Annapolis, MD Built in 1963
$410,000/3 br/1600 sq ft
Phoenix, AZ
built in 1964
Had to Google Maps the front:
New Post has been published on US Top Searches
New Post has been published on http://sansarg.com/wp/2013/10/05/technology/groupon/groupon-puts-co-ceos-lefkofsky-and-leonsis-on-combined-salary-of-410k-holden-gets-500k-bonus-for-2014-15-2/
Groupon Puts Co-CEOs Lefkofsky And Leonsis On Combined Salary Of $410K; Holden Gets $500K Bonus For 2014 & '15
An update for those of us who purchased the FTD Groupon Image by Chris Pirillo www.lockergnome.com/social/2011/02/11/ftd-groupon-valenti…
As the last of the dust settles on the departure of Groupon’s founder/CEO Andrew Mason, the daily deals and local commerce service today filed an 8-K form with the SEC to detail how it would be compensating his interim co-CEO replacements Eric Lefkofsky and Ted Leonsis; and also giving a sweetener bonus to one of its key staff, Jeffrey Holden, in 2014 and 2015.
Leonsis will be on $ 210,000, and Lefkofsky $ 200,000 — both on an annual basis, meaning that only a portion of that will be paid, should a permanent CEO be found sooner. Groupon notes in the 8-K that these salaries match the amount that each would have been paid had they remained directors of Groupon, as they had been before the co-CEO appointment. (That appointment invalidates them from receiving the Director Compensation Plan.)
Holden’s salary, meanwhile, is not noted in the 8-K, but the form does specify that he will be paid a guaranteed bonus in 2014 and 2015, $ 500,000 for each year.
There are a couple of interesting things to read into these figures:
The compensation for Holden, SVP of product management, is presumably being made to make sure that he stays on board to see the company through its continued transformation — Groupon had been trying to diversify under Mason to do more in local commerce services, specifically using mobile technologies; to complement the business it has already built up in daily deals — which has come under some pressure in recent times.
Holden, one could argue, holds the key to a lot of where Groupon would like to go as a company. He had once been an Amazon executive overseeing consumer websites, and had joined Groupon in 2011, along with the April 2011 acquisition of his company Pelago, makers of a Foursquare-like app called Whrrl. That deal will be coming up to its two-year anniversary next month. Holden will not get either year’s bonus if he leaves the company before December 31, 2015.
Meanwhile, the compensation for the two co-CEOs is at the same moment very generous and relatively tiny. On the one hand, if you compare it to what Mason had been making, it’s big money: Mason’s last annual salary was the princely sum of $ 756.72, giving him a severance of $ 378.36. Compared to that $ 410,000 is out of the ballpark.
Then again, if you recall that Lefkofsky reportedly made some $ 382 million cashing out on Groupon shares pre-IPO, suddenly those hundreds of thousands seem as ephemeral as a daily deal.
Groupon last month posted quarterly revenue of $ 638.8 million, slightly beating analysts’ expectations, but an operating loss of $ 12.9 million and a loss per per share of 12 cents, both failing to meet estimates — precipitating Mason’s departure after several past quarters of poor performance.
TechCrunch » groupon
New Post has been published on US Top Searches
New Post has been published on http://sansarg.com/wp/2013/10/04/technology/groupon/groupon-puts-co-ceos-lefkofsky-and-leonsis-on-combined-salary-of-410k-holden-gets-500k-bonus-for-2014-15/
Groupon Puts Co-CEOs Lefkofsky And Leonsis On Combined Salary Of $410K; Holden Gets $500K Bonus For 2014 & '15
An update for those of us who purchased the FTD Groupon Image by Chris Pirillo www.lockergnome.com/social/2011/02/11/ftd-groupon-valenti…
As the last of the dust settles on the departure of Groupon’s founder/CEO Andrew Mason, the daily deals and local commerce service today filed an 8-K form with the SEC to detail how it would be compensating his interim co-CEO replacements Eric Lefkofsky and Ted Leonsis; and also giving a sweetener bonus to one of its key staff, Jeffrey Holden, in 2014 and 2015.
Leonsis will be on $ 210,000, and Lefkofsky $ 200,000 — both on an annual basis, meaning that only a portion of that will be paid, should a permanent CEO be found sooner. Groupon notes in the 8-K that these salaries match the amount that each would have been paid had they remained directors of Groupon, as they had been before the co-CEO appointment. (That appointment invalidates them from receiving the Director Compensation Plan.)
Holden’s salary, meanwhile, is not noted in the 8-K, but the form does specify that he will be paid a guaranteed bonus in 2014 and 2015, $ 500,000 for each year.
There are a couple of interesting things to read into these figures:
The compensation for Holden, SVP of product management, is presumably being made to make sure that he stays on board to see the company through its continued transformation — Groupon had been trying to diversify under Mason to do more in local commerce services, specifically using mobile technologies; to complement the business it has already built up in daily deals — which has come under some pressure in recent times.
Holden, one could argue, holds the key to a lot of where Groupon would like to go as a company. He had once been an Amazon executive overseeing consumer websites, and had joined Groupon in 2011, along with the April 2011 acquisition of his company Pelago, makers of a Foursquare-like app called Whrrl. That deal will be coming up to its two-year anniversary next month. Holden will not get either year’s bonus if he leaves the company before December 31, 2015.
Meanwhile, the compensation for the two co-CEOs is at the same moment very generous and relatively tiny. On the one hand, if you compare it to what Mason had been making, it’s big money: Mason’s last annual salary was the princely sum of $ 756.72, giving him a severance of $ 378.36. Compared to that $ 410,000 is out of the ballpark.
Then again, if you recall that Lefkofsky reportedly made some $ 382 million cashing out on Groupon shares pre-IPO, suddenly those hundreds of thousands seem as ephemeral as a daily deal.
Groupon last month posted quarterly revenue of $ 638.8 million, slightly beating analysts’ expectations, but an operating loss of $ 12.9 million and a loss per per share of 12 cents, both failing to meet estimates — precipitating Mason’s departure after several past quarters of poor performance.
TechCrunch » groupon