LendingClub Tries To Buck Up Its Troops!

LendingClub Tries To Buck Up Its Troops! by FootNoted

At the risk of stating the obvious, it’s been a pretty tough week for LendingClub. In the six days since announcing on May 9 that CEO Renaud Laplanche was suddenly stepping down, the stock has dropped nearly 50%.

So one might understand why executives there might need some bucking up. Thankfully, that was delivered yesterday in the 10-Q that the company filed late yesterday, clear as day on pg. 68! Here’s a snip:

On May 11, 2016, the compensation committee of the board of directors approved incentive compensation packages and salary adjustments for certain named executive officers. Specifically, Carrie Dolan, the Company’s Chief Financial Officer, was granted $3.5 million...