Lakeway, NY -- (SBWIRE) -- 03/01/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Arthur Minson the chief operating officer of AOL, Inc. (NYSE:AOL) is to be succeeded by former Martha Stewart Living CEO Susan Lyne, who is to leave after a transition period.
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CEO of its Brand Group, Lyne will be responsible for increasing traffic across its properties, bringing top talent on board and maximizing partnerships with advertisers and publishers.
"Artie has played a key role in the turnaround of AOL and that will continue in 2013 during the transition period," CEO Tim Armstrong said in a statement.
Minson use to take care of three divisions and served as chief financial officer and became COO last year.
Groupon Inc (NASDAQ:GRPN) CEO Andrew Mason was fired by its board a day after the company posted disappointing news on revenue.
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The company said revenue in the current quarter would be in the range of $560 million to $610 million, below analyst expectations of $647 million.
Mason admitted he "failed at this part of the journey" and said Groupon's employees "deserve the outside world to give you a second chance. I'm getting in the way of that. A fresh CEO earns you that chance."
Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis were appointed to the Office of the Chief Executive while a replacement is found.
"I've decided that I'd like to spend more time with my family. Just kidding — I was fired today," wrote Mason, 32. "If you're wondering why. You haven't been paying attention."
Mason's ouster has been "fairly widely expected" given the company's performance, said Gartner analyst Michael Gartenberg. He was more surprised by the fact that "it took them this long."
Benchmark Capital analyst Daniel Kurnos said that with Mason's ouster, the board made the decision to try to "get the ship moving in the right direction."
"There was always a sense that Groupon had a lot of good ideas but no real focus," he said.
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