Breaking: Solyndra CEO Resigns

Solyndra announced today that its CEO Brian Harrison had resigned as of October 7th. As you may recall Solyndra, a solar-based energy company in California, is embroiled in scandal that involves a loan of over 500 million dollars that was doled out as part of the stimulus passed in early 2009. President Obama had previously touted Solyndra as a success story for his “green jobs” initiative only to have the company go bankrupt and layoff more than a 1,000 employees in September. The Office of Management and Budget had previously described the Solyndra loan as “not ready for prime time” and the company is currently under investigation by the Justice Department, the Treasury Department, and the Department of Energy.

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