Groupon Deals with Declining Employee Morale

Despite exceeding analysts’ expectations in the first quarter, Groupon’s stock is trading at 63 percent below its initial public offering price of $20 per share. To add injury to insult, the Wall Street Journal is now reporting that Groupon’s sales force may be jumping ship as well.

Apparently, a Groupon attorney sent a letter to Mike Silagadze, CEO of Top Hat Monocle, Inc., accusing him of improperly recruiting Groupon employees to his educational software company. Silagadze insisted that he was merely benefiting from widespread employee dissatisfaction.

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