You know that expression, “Any publicity is good publicity”? Do you think Parker Conrad, the ousted Zenefits CEO, may feel that euphemism should die a speedy death for his sake?
Just a few days ago, Bloomberg Businessweek posted a feature of the rise and fall of Zenefits, pulling zero punches as it criticized Conrad’s management decisions, both ethically and logistically speaking. Now, Buzzfeed News is reporting that the former CEO has added yet another indiscretion to his already scandalized name.
According to Buzzfeed — the same outlet that first reported Zenefits was allowing employees to cheat the California insurance broker licensing test, a macro that Conrad himself created — Conrad sold $10 million worth of stock months before his exit at Zenefits and the exposure of serious compliance issues. He also negotiated a $130,000 payment as part of his resignation agreement.
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