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Screen Shot 2016-06-01 at 1.56.29 PM“Please accept my resignation.  I don’t care to belong to any club that will have me as a member” – Groucho Marx, in a letter to the Friar’s Club (1958).

We’re not sure whether Lending Club CEO and oceangoing record holder Renaud LaPlanche’s ouster from the company he founded was the result of something shady he did, or simply the culmination of years of attacks designed to bring down the young, disruptive businessman who built the largest online vendor in the US in a few short years.  There’s a DOJ investigation underway, so if their paymasters haven’t been bought off by bank lobbysists, we might just get to the truth – someday.

Whether his forced resignation last month and the subsequent tanking of Lending Club stock was engineered by massive and nasty establishment banks and their minions, LaPlanche’s days of assaulting records with big multihulls are over, at least for the time being.  That leaves the ever-game Phaedo and John Sangmeister’s now-foiling ex-ORMA Tritium (which is racing to Alaska with former Lending Club skipper Ryan Breymaier aboard in a couple weeks) to carry the American flag in the offshore recordbreaking game.  Who’s up next?

 

csabi

June 1st, 2016

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