Groupon CEO in jeopardy of losing his job?

With the stock in a free fall and Groupon's board meeting this week, Andrew Mason's tenure as CEO reportedly faces opposition.

Update: 3:06 PM PT A couple of years ago, Andrew Mason had a chance to sell Groupon to Google for $6 billion but instead pressed ahead with the company's IPO. The insiders reaped a windfall but investors buying at retail must now feel like bag holders. Shares of Groupon finished today at $3.96, down from their 52-week high of $25.84.

Lesley Stahl and Andrew Mason
Lesley Stahl with CEO and founder of Groupon Andrew Mason. CBS
As the stock fell, questions about Mason's stewardship have multiplied and now there's a new report that his tenue may be in jeopardy. With the company's board of directors meeting this week, All Things D's Kara Swisher writes that "several board members of Groupon have been seriously discussing making major leadership changes at the Chicago-based daily deals company, including bringing in a more experienced CEO to take over for co-founder Andrew Mason."

A spokeswoman for Groupon said the company had no comment.

As coincidence would have it, Mason is slated to appear at a conference tomorrow sponsored by Business Insider.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Details about Apple's 'spaceship' campus from the drone pilot who flies over it

MyithZ has one of the most popular aerial photography channels on YouTube. With the exception of revealing his identity, he is an open book as he shares with CNET's Brian Tong the drone hardware he uses to capture flyover shots of the construction of Apple's new campus, which looks remarkably like an alien craft.

by Brian Tong