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At least 2 states launching formal investigations to your practices of a regulated industry? Then the CEO was fired for "the macro" which he authored. If you wr
by officialchicken 11y ago
At least 2 states launching formal investigations to your practices of a regulated industry? Then the CEO was fired for "the macro" which he authored. If you write the goodbye, it's a resignation, but if someone else does it's a firing.
If that's not wrong, I don't want to be right.
Full disclosure: messing with my money IS messing with my emotions.
- rdl 11y agoI agree the CEO seriously fucked up -- I'm arguing it is actually worse, because he didn't need to do that to build a great business, either -- it was just a lazy shortcut. Zenefits could be a great company without doing things like the macro, and while being compliant with the regulations (or, in cases where the regulations are ambiguous or wrong, at least breaking them in ways which are defensible legally and in the court of public opinion.)