The Board That Ousted Lending Club’s CEO is a Who’s Who of Wall Street

The star-studded board of publicly-traded fintech company Lending Club unexpectedly ousted its chief executive and chairman Renaud Laplanche from the company he founded more than nine years ago. Lending Club’s board features a who’s who of Wall Street, including John Mack, the former CEO and chairman of Morgan Stanley; Mary Meeker, a former Morgan Stanley managing director and research analyst and current partner at VC firm Kleiner Perkins Caufield & Byers; Hans Morris, the former president of Visa who also spent 27 years at Citigroup; and Larry Summers, former Director of the National Economic Council for President Obama and Secretary of the Treasury for President Clinton, just to highlight a few of the names. The online peer-to-peer lending company’s board accepted Laplanche’s resignation on Friday following an internal investigation that found he had violated the company’s business practices.

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