He is still serving as a director on the board, so it's not as if he's being booted out of the company. He (or the shareholders) may choose to change that, but for the time being he is still involved directly in the well-being of the company. This would be a great opportunity to learn how to manage the company the way it should be (Groupon Hate aside) and perhaps return as CEO in the future or be better prepared for whatever is next.