LivingSocial Hires John Bax to Manage All Its Money

LivingSocial has added to its executive ranks after raising a $183 million round of capital led by Amazon.com. John Bax will serve as CFO of the Washington, D.C.-based daily deals site after most recently working as CFO of RecycleBank, a merchant-funded rewards program. He also previously served as VP of planning and analysis for Wal-Mart stores and CFO of Walmart.com.


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The best and brightest are usually put to work on optimisation. … They will then go forward and solve the inefficiencies, and that’s where 99% of most energy is spent on. But, at some point you run out of room to improve things, and that’s when you have to step aside and ask, can we make it different?

— Horace Dediu, in a podcast interview with William Channer