LendingClub Names Sanborn CEO, Announces Job Cuts

The video discusses Lending Club's decision to retain Scott as CEO, surprising many who expected an external hire. This decision coincided with a Supreme Court ruling that affected Lending Club's stock. Investors are concerned about potential risks, but are relieved by the company's internal review, which has not revealed major issues. Scott's main task is to reassure investors and address past loan irregularities. The video also covers the controversy over loans taken by the former CEO and his family to artificially boost growth figures.

What was the reaction of Lending Club investors regarding the Supreme Court case?

What discrepancies has Lending Club disclosed during its internal review?

What measures is Lending Club taking to reassure its investors?

What concerns might investors have regarding loans to the former CEO and his family?

How did the former CEO's actions impact Lending Club's perceived growth?