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Groupon co-founder Andrew Mason has been fired as the daily-deal company's CEO, one day after Groupon posted financial results that showed it lost $67.4 million during 2012. Board chairmen Eric Lefkofsky and Ted Leonsis will jointly fill the CEO post on an interim basis.
In addition to training and equipping Afghan soldiers, U.S. forces in Afghanistan have another critical mission: packing up more than 11 years worth of equipment and sending it home. The number of containers to move out is in the six figures, and some question whether everything can be shipped out by the end of 2014.
Last year, J.C. Penney saw what every big retailer had been seeing for years: the threat of Amazon and other new competitors rising to destroy their business.
So J.C. Penney brought in a bold new CEO. Ron Johnson had already created Apple Store, a chain of physical stores where people flocked to shop. Before that, he had revamped Target.
And Johnson had a plan for J.C. Penney: Tell customers they don't have to spend time anymore clipping coupons or waiting for sales to happen. Instead, the store would offer fair prices on its merchandise every day.
The Obama administration has filed a friend of the court brief urging the U.S. Supreme Court to strike down California's ban on gay marriage as a denial of "equal protection under the law." But the brief does not call for the abolition of all state bans on same-sex marriage.
The case now before the high court tests the constitutionality of California's Proposition 8, a referendum narrowly passed by voters in 2008 that reinstituted a ban on gay marriage.