Andrew Mason is still CEO of Groupon (GRPN +2.62%) today. Is that a good thing? Not so far as the market is concerned. Shares of the daily-deals pioneer fell more than 5% in Friday morning trading.
In voting to keep Mason on, the board has signaled that it believes in his strategy for surrounding Groupon's troubled core business with related enterprises for boosting margins and returns on capital. The strategy has mostly worked; Groupon is growing even as rival LivingSocial laid off roughly 10% of its workforce this week. But is there enough runway in his approach for the stock to take off after a more than 80% decline since the IPO? Fool contributor Time Beyers addresses this question and more in the following video.
