It's no secret that Zenefits has had its fair share of news coverage in its short, but storied, existence in the HR and insurance industry. Once seen as disruptive and innovative, Zenefits now finds itself as a cautionary tale of compliance, culture, and controversy.

That's in large part because of Parker Conrad, the now-ousted CEO who cheated the system by allowing his employees to bypass licensure requirements, was at the helm as investors lost revenue confidence, promoted a "frat house" ethos in the office, and sold $10 million in stock prior to his mandated resignation.

It wasn't that long ago (seriously, only 14 months) that we at BenefitsPRO were covering San Francisco-based Zenefits' introduction into the marketplace, wondering what would be next for the rapidly growing startup. Today, we don't wonder, we wait. Mostly for the other shoe to drop — because it has. Several times. With a thud.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.