Zenefits CEO, Yelp CFO, and Paypal CTO resign

[Recursion]

http://www.nasdaq.com/article/yelp-posts-q4-loss-cfo-rob-krolik-resigns-20160208-01009

http://www.buzzfeed.com/williamalden/zenefits-ceo-parker-conrad-steps-down-after-compliance-failu#.fl623J2a6

http://www.sec.gov/Archives/edgar/data/1633917/000163391716000110/a8-kbarrese.htm

Institutional investors seem to be catching the anxiety that started to hit VCs this winter...

[grasswire]

1. translate? nt

[Recursion]

2. For most of last year, you just needed a cool name for your startup

and venture capitalists would swarm you to give you money (it reminds me of 1999). Starting a couple of months ago that cooled down a bit; I can't find the numbers now but it was something like a 10% drop-off in VC investments from October to December (after multiple quarters of growth).

Fast forward to today, and three big companies just pushed out executive officers. Zenefits may be a special case because they seem to have been caught breaking the law, but Yelp and PayPal made less money (or in Yelp's case, lost more) than they thought they would, and I would guess that the brokerage houses that buy a lot of their shares applied a lot of pressure for a shakeup -- something they probably wouldn't have done for bad numbers this time last year. I'm suggesting that people who move a lot of money around are worried about an upcoming downturn.