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CEO of $2.6 billion startup ousted for taking LSD at work
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Marketing startup Iterable dismissed its chief executive officer over violations of company policy, Iterable said in a note to employees on Monday.
The fired CEO, Justin Zhu, said the boardâs chief reason for ousting him was that he took LSD, an illegal drug in the US, before a meeting in 2019. Zhu said he was experimenting by taking a limited amount of the drug, or microdosing, in an effort to boost his focus.
Close up detail of a multi-coloured soap film, taken on March 8, 2011. (Photo by Joby Sessions/Digital Camera Magazine/Future via Getty Images)
Marketing startup Iterable dismissed its chief executive officer over violations of company policy, Iterable said in a note to employees on Monday.
The fired CEO, Justin Zhu, said the board’s chief reason for ousting him was that he took LSD, an illegal drug in the U.S., before a meeting in 2019. Zhu told Bloomberg he was experimenting by taking a limited amount of the drug, or microdosing, in an effort to boost his focus.
In an email to staff, co-founder Andrew Boni said Zhu’s dismissal was over unspecified violations of Iterable’s Employee Handbook, policies and values. The board replaced Zhu with Boni as CEO, Boni wrote. A spokeswoman for the San Francisco-based company didn’t immediately provide a comment.
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