SoFi CEO Cagney to step down immediately

CEO Mike Cagney’s replacement will have to clean up the culture and the business before the company can IPO. SoFi cofounder and CEO Mike Cagney does not try to hide from the fact that his first stint as a chief executive was a bust. “It was a humbling experience,” he says of the five years he spent at wealth management startup Finaplex. After stumbling in the role, he hired a manager lacking in domain expertise as his replacement, purposefully setting his successor up for failure. But the Shakespearean ploy failed: After a brief return to his place at the top, the board fired him. Today, Cagney looks on the episode as a “learning experience.”Read Full Story

SoFi CEO Cagney to step down immediately

(Reuters) - Online lender Social Finance, which is currently investigating claims of sexual harassment by employees, said on Friday its chief executive, Mike Cagney resigned, effectively immediately. ...

Fri 15 Sep 17 from Reuters Technology

SoFi CEO to leave immediately after sexual harassment claims

Executive chairman Tom Hutton will step in to serve as interim CEO.        

Fri 15 Sep 17 from USA today

SoFi CEO to step down after claims of managers' sexual harassment

Lawsuit alleges sexual harassment by managers and improper loan paperwork.        

Tue 12 Sep 17 from USA today

Silicon Valley boss quits over lawsuits

The founder of online lender SoFi has resigned following allegations of sexual harassment within the firm.

Tue 12 Sep 17 from BBC Technology

The CEO of Social Finance will step down

 One month after reports of a sexual harassment and wrongful termination lawsuit against the online lending startup Social Finance came to light, the company has announced that its hard-charging ...

Mon 11 Sep 17 from TechCrunch

Online lender SoFi CEO Cagney to step down

(Reuters) - Online lender Social Finance Inc said on Monday its chief executive and co-founder, Mike Cagney, would step down before the year-end.

Mon 11 Sep 17 from Reuters Technology

Square will apply for an industrial loan company license this week

 There’s been a lot of questions about whether or not Square aspires to become a bank. Now that speculation can be laid to rest. Square will file an application to become an industrial ...

Thu 7 Sep 17 from TechCrunch

At SoFi, The Problems Go Way Beyond Its Toxic Workplace

CEO Mike Cagney’s replacement will have to clean up the culture and the business before the company can IPO. SoFi cofounder and CEO Mike Cagney does not try to hide from the fact that ...

Wed 13 Sep 17 from Fastcompany Tech

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