Management tracks: Hercules CEO steps down amid college admissions scandal

Hercules Capital said Manuel Henriquez stepped down as chairman and CEO. Henriquez and his wife were charged Tuesday as part of a wide-ranging college admissions cheating scheme. The firm's board elected Robert Badavas, lead independent director at Hercules, as interim chairman, and Chief Investment Officer Scott Bluestein as interim CEO. Henriquez will remain on the board and serve as an adviser to the company...