Groupon Must Avoid Taking “Stupid Risks,” CEO Says

Groupon Inc. Chief Executive Andrew Mason told the company’s employees on Wednesday that the daily-deals site needs to grow up — right after he apologized for drinking too much beer.

In a wide-ranging town hall meeting with employees that lasted about an hour on Wednesday, the 31-year-old CEO at times swigged from a beer bottle while he set corporate priorities for the next six months, including beefing up financial controls and hiring more finance staff. Mr. Mason also discussed how the Chicago company doesn’t “have any margin for error.”

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