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Zenefits CEO Conrad resigns amid seeming clash of startup mentality versus regulated industry

Zenefits cofounder and CEO Parker Conrad stepped down Monday amid reports that the company let health insurance brokers operate without proper licensing. Chief Operating Officer David Sacks, cofounder and former CEO of Yammer, will succeed Conrad. The company had been the darling amid a crop of highly valued human resources startups, and it netted $583.6 million in its latest funding round. Read More...

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