Monday, 8 February 2016
Automated HR services firm Zenefits said its CEO Conrad Parker has resigned. The company’s board of directors has replaced him with David Sacks, who previously served as COO. The news comes soon after BuzzFeed News reported last November that the firm was found flouting insurance laws by allowing unlicensed brokers to sell health insurance. BuzzFeed also reported last week that public records showed that in Washington, 83 percent of the insurance policies that Zenefits sold or serviced through August 2015 were handled by employees without the requisite state licenses. In a memo to employees, Sacks explained: We sell insurance in…
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