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Status: Closed — this petition is no longer accepting signatures.

CEO Eric Lefkofsky of Groupon must resign

CEO Eric Lefkofsky of Groupon must resign

Closed — 18 supporters Verified

Final supporters

S
Steve P.
J
Jim H.
J
James K.
J
James A.
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Dawes l.
J
Josh
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Volkan A.
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Marcela L.
T
Thomas H.
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Patrick Q.
+8 more
RQ
Started by Robert Quinn 11 years, 2 months ago

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.


12 Comments

J
Jim Hicks
11 years ago Featured

No confidence with current management. I'm current have over 500K invested with Groupon.

T
Thomas Hume
11 years ago Featured

I want Groupon to survive and thrive. It has changed my life more than Amazon or eBay since October 2013. Unfortunately I'm sad & scared at the thought of Lefkofsky the Liquidator running my favorite company to browse and buy from into the ground. I wish someone would save Groupon so I know I can continue to be a Groupon customer for life. Shame on Lefko, his mansion & atrocious Glassdoor approval ratings.

S
Steve Perry
11 years ago

Do the right thing, step down.

J
James Adams
11 years ago

He is a disaster and has run groupon to the ground. Only a matter of time before he ruins shareholders completely and puts groupon employees out of jobs

J
Josh
11 years ago

I am a shareholder

V
Volkan Alev
11 years ago

just leave for the GOD sake.

M
Marcela Lozano
11 years ago

Are you rich enough already Erik?

P
Patrick Quinn
11 years ago

Please resign