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Ted Leonsis to co-lead as interim Groupon chief

By WTOP Staff

Groupon Inc. Co-chairman Ted Leonsis will jointly lead the Chicago-based daily deal giant while its board seeks a permanent replacement for Andrew Mason, whose departure from the CEO post was announced Thursday.

Leonsis and Executive Chairman Eric Lefkofsky will serve as co-CEOs of Groupon (NASDAQ: GRPN), a competitor of D.C.-based LivingSocial Inc.

“Groupon will continue to invest in growth, and we are confident that with our deep management team and market-leading position, the company is well positioned for the future,” Leonsis said in a statement.

Mason, a pioneer of the now flailing daily deal business, leaves amid fresh financial difficulties for the company. Groupon released disappointing earnings this week, posting a net loss of $81 million in the fourth quarter.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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