+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

'The toxicity you introduced into the workplace ends now': A health-tech startup just ousted its founder for treating employees poorly

May 1, 2018, 23:57 IST

TED

Advertisement

A health-tech startup backed by top Silicon Valley VCs has fired its co-founder and CEO after allegedly treating his employees poorly.

HealthTap, a health-tech startup working to provide health advice by connecting doctors to patients, has raised tens of millions in venture backing from Khosla Ventures, Mayfield Fund, and others. Its board replaced its CEO Ron Gutman with tech veteran Bill Gossman, the company said in a news release Tuesday.

"After receiving concerning reports by employees about Ron's conduct as CEO, the Board of Directors hired an outside law firm to conduct an investigation into these allegations," the board wrote in a memo to employees obtained by Recode. "What we learned left us with no choice but to make this change, and we did so after taking the necessary steps from a corporate governance perspective."

In a letter to Gutman also obtained by Recode, the board said that the behavior led to his firing. "The toxicity you introduced into the workplace ends now," it said.

Advertisement

Gutman, for his part, told Recode that the allegations were "not true," and that the board's actions were "harmful."

"We believe Bill is the right person to lead HealthTap into a new stage of growth and productivity," HealthTap board member Tim Chang and Mayfield partner said in a statement Tuesday.

NOW WATCH: There's a major shift occurring that could signal the end of the historic bull market

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article