Bangalore: Andrew Mason, founder and CEO of Groupon, the deal-of-the-day website that features discounted gift certificates usable at local or national companies, was ousted yesterday by the company he founded in 2008. He walked out with the severance pay of just $376.36, reports Huffington Post.

"Groupon's IPO filing details his employment agreement, which calls for Groupon to keep paying his salary for six months after he leaves the company," writes CNN Money. "Because Mason was making only $756.72 per year, that doesn't amount to much."

Earlier, in a letter addressed to ’People of Groupon,’ Mason had said, “After four and a half intense and wonderful years as CEO of Groupon, I've decided that I'd like to spend more time with my family. Just kidding - I was fired today.”

Also Read: Beyond Google; 9 Ultimate Search Engines and 14 Most Dangerous Websites In The World, 20 Biggest Websites In The World