Re:Parker Conrad Steps Down as Zenefits CEO
by achow on Monday February 08, 2016 @10:43PM
(#11062912)
Seems like it. From Fortune...
In a memo to employees about the management change, Sachs didn’t dance around the company’s issues when it comes to regulatory compliance.
“The fact is that many of our internal processes, controls, and actions around compliance have been inadequate, and some decisions have just been plain wrong. As a result, Parker has resigned,” writes Sachs. “In order for us to move forward as a company, we cannot seek to hide or downplay the problem.”
In a memo to employees about the management change, Sachs didn’t dance around the company’s issues when it comes to regulatory compliance.
“The fact is that many of our internal processes, controls, and actions around compliance have been inadequate, and some decisions have just been plain wrong. As a result, Parker has resigned,” writes Sachs. “In order for us to move forward as a company, we cannot seek to hide or downplay the problem.”
http://fortune.com/2016/02/08/zenefits-parker-conrad-resigns...