CEO of biotech investor Hercules Capital abandons his post in the midst of a college cheating scandal
Hercules Capital $HTGC is scrambling to survive the big college cheating scandal, replacing CEO Manuel Henriquez after he was fingered as a principal player in a story that has been fueling outrage and headlines around the world.
The venture-debt group, which has been a busy player in life sciences companies, says that Henriquez has voluntarily stepped down. He’s being replaced by Scott Bluestein, the chief investment officer, who becomes interim chief as they search for a permanent successor.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.