CEO Eric Lefkofsky of Groupon must resign
The purpose of a public company is to increase shareholder value. The CEO, Eric Lefkofsy has neglected his duties to do just that. This includes:
-Monthly insider sales while stock price suffers. Company initiatives such as "buybacks" are useless when insiders continue to sell shares and dilute the stock.
-Continuous reported losses due to poor management decisions
-A failing business model that just doesn't work despite hype and past promises of future success
As shareholders continue to suffer, the only effect of Lefkofsky has been further accumulation of his own private wealth and a slumping stock price while the stock market continues to climb to all time highs. Where is the pressure and oversight? As of 06/17/2015 the share price is now lower than where it was when Andrew Mason was fired during end of February 2013 despite Eric's promises for a better future when taking over Mason's title.
The only option remaining is Eric must exit and put the company in the hands of a true CEO who will act on behalf of shareholder interests. Due to shareholder voting count standards, a common retail shareholder vote would be very difficult to oust a CEO. So let's send a message that we are fed up.