In it, Mason claims responsibility for missing expectations and the company's stock price, and says that a "fresh CEO" earns the company a chance at a second chance.
Mason also shows a geeky, youthful spirit, making the comparison of running the company this far to the popular, though notoriously difficult 1991 video game Battletoads.
You can read the whole memo below, which Mason linked to in a Tweet:
(This is for Groupon employees, but I'm posting it publicly … Read more
Apple CEO Tim Cook received only $4.2 million in compensation this year.
A proxy statement Apple filed today with the Securities and Exchange Commission revealed Cook's base salary as $1.3 million with non-cash compensation making up the rest.
In contrast, Cook was given $378 million in overall compensation last year and $59 million the previous year. But the lower total compensation is all part of a plan.
As described by The Next Web, Apple's board gave Cook 1 million in restricted shares in August 2011 when it appointed him CEO. Worth around $376 million at that … Read more
Nokia has undergone a significant cultural and identity shift under the leadership of CEO Stephen Elop.
Elop didn't wait too long after he joined the company in September 2010 as CEO to make a splash. Five months into his tenure, he decided to drop the company's home-grown next-generation platform for Windows Phone, which just so happens to be created by his former employer.
Read: Nokia on the edge: Inside an icon's fight for survival
But perhaps it's the changes within Nokia that will ultimately have the largest impact in the company's bid to turn itself … Read more
From the outside, it looks like a typical California suburban home: garage, driveway, tidy yard. But walk down the path leading to the front door and you'll find your first clue that a traditional family of four does not live inside. On the front porch are dozens and dozens of pairs of men's shoes, all removed before entering in order to keep the house as tidy as possible.
When we knocked, Carlos De La Lama Noriega, the manager of the house, greeted us and welcomed us inside for a tour. The main living space was clean and airy … Read more
Verizon CEO Lowell McAdam isn't afraid of his competitors' efforts to raise their game; he welcomes the moves.
"My view is, bring that stuff on," he said during an investor conference today. "I mean, we have got a great network, and I think it will be good for consumers and so it is good for the industry."
McAdam touted the large lead Verizon enjoys when it comes to its 4G LTE deployment, which he credits for the wireless business scooping up market share when it comes to lucrative contract customers. He believes the other national … Read more
Apple CEO Tim Cook will make his first TV appearance the same day his company could find out if it's getting a bevvy Samsung's smartphones permanently banned in the U.S.
Cook was interviewed earlier today at the company's Grand Central Terminal store by NBC's Brian Williams as part of a package that will air next Thursday, NBC announced today.
Photos of the interview were leaked out earlier by media tracking blog TV Newser, showing a casually dressed Cook chatting with Williams while holding Apple's products.
Cook has not done a TV appearance since taking on the role as the company's CEO last August, … Read more
When Intel CEO Paul Otellini retires in May, he'll leave a mixed record.
On the one hand, Intel's processor manufacturing prowess remains second to none, with the company often introducing new miniaturization technology years ahead of rivals. As ever more companies withdraw from chip manufacturing, Intel manages to keep turning the crank profitably. During Otellini's reign, Intel has so far generated $107 billion in cash from operations and paid dividends of $23.5 billion.
But Intel also has failed to come to terms with a powerful force in the processor world -- the rise of mobile devices … Read more
When Tim Cook assumed Apple's leadership from an ailing Steve Jobs one year ago today, investors reacted by pushing down the company's shares by more than $6.
One year later, the stock is up 44 percent, the company is about to introduce a new version of its popular iPhone, and Apple is now the most valuable company in the world based on market capitalization.
After two stints filling in as CEO while Jobs was ill, Cook has finally emerged from the shadow of Apple's legendary founder and earned his place on center stage as one of the … Read more