WHEN it comes to quitting you can go quietly or you can kick up a fuss. Former Goldman Sachs executive Greg Smith took out an op-ed in the New York Times to let the world in on his rather unflattering views of his employer, for example.
Former hedge fund manager Andrew Lahde, founder of Lahde Capital Management, admitted he was “in this game for the money”. Now he had amassed enough of it, he was off he wrote in a open FT letter, telling his fellow money managers that “their lives suck”.
Groupon chief executive Andrew Mason had fonder words for the online deals site he founded, despite being unceremoniously ousted last night.
“You are doing amazing things at Groupon…I’m getting in the way of that,” he told staff in a letter, as he acknowledged the 77 per cent plunge in the share price since it floated in 2011, rather than spending more time with his family was the true reason for his exit. Mason likened his rollercoaster ride at the helm to the video game Battletoads, saying he was okay with having failed. “If Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever play through,” he writes. “Now just one more thing...does anyone know a good fat camp?,” Mason asks in his rather unique farewell letter.