Groupon Adds Starbucks CEO Howard Schultz to Board

Starbucks CEO Howard Schultz is joining Groupon’s board of directors to contribute his brand experience to the two-year-old daily deals company, according to the company’s blog. In addition, Schultz’s venture capital firm, Maveron, is investing an undisclosed amount of money, TechFlash reports. The funding is part of Groupon’s most recent round, which was close to $1 billion. Schultz’s expertise may come in handy, especially given Groupon’s recent Super Bowl hiccup. The pair is a good match, considering Groupon’s next-closest rival, LivingSocial, has teamed up with retail giant

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald