ISSUE – Sep. 16 | SoFi’s CEO is resigning immediately

It turns out the embattled CEO of SoFi couldn’t last until the end of the year. Mike Cagney, the head of the high-flying lending startup who has over the last week been battling ugly sexual harassment allegations at his company, is now stepping down as CEO. He is also stepping down immediately from the company’s board. Earlier this week, the company said Cagney would resign “by year end” once his successor had been chosen. It seems the allegations were making that delay close to impossible, with more revelations about his behaviour potentially on the way.
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