The chief executive officer of Social Finance Inc. is stepping down before the end of the year amid sexual harassment accusations leveled at one of the most valuable financial technology startups.
Michael Cagney becomes the highest-profile executive to depart the online lending service that’s grappling with a lawsuit claiming harassment and fraudulent actions by managers. Cagney has engaged in at least one inappropriate relationship with a female employee, with suggestions of others, according to people familiar with the matter. The New York Times earlier reported on the resignation and some of the allegations.
