http://www.businessinsider.com/inside-story-of-clinkle-2014-...
Everything below is directly copied from the Business Insider story linked above:
One day prior, Duplan had proudly announced a new hire, Chi-Chao Chang. A former Yahoo and xAd executive, Chang was Clinkle’s new vice president of engineering. It was a position recruiters had been trying to fill for months, and Chang had come highly recommended by former Yahoo CEO, Carol Bartz. The soft-spoken engineer had stood up and shared a few words about his background. He said he was excited to be joining Clinkle.
Now, just 24 hours later, Chang was nowhere to be seen.
Duplan cleared his throat, nervously shifting his weight. “Chi-Chao has left Clinkle,” he announced. “He decided it's too much for him.”
There was a long pause. Duplan stumbled over a few more sentences trying to explain. Instead he talked in circles, a trait employees described as typical. Some began to wonder whether even he knew why Chang had left.
McCarthy stepped in.
“It’s not the kid’s fault,” McCarthy said, defending his flustered boss. McCarthy sometimes took over for Duplan during the weekly all-hands meetings on Fridays, correcting him and referring to him as “kid.”
Chang had been well-vetted during the interview process, McCarthy insisted. The news came as a shock to everyone.
“It was disheartening,” says one ex-Clinkler. “That was the moment when we were like, ‘Oh, no. Things are not good.’”
“It obviously looked bad,” another former employee recalls. “Like the guy saw our product and it scared him away.”