FORTUNE -- Keith Rabois, the No. 2 executive at Square, the fast growing mobile payments startup, resigned from the company amid sexual harassment accusations made by an employee with whom he had an intimate relationship.
In a blog post, Rabois said that a New York-based attorney last week threatened him and Square with a lawsuit that would allege he sexually harassed the employee unless Rabois and Square made a "payment of millions of dollars." Rabois admitted that he had a sexual relationship with the employee, but said that the relationship was consensual. He wrote that he resigned so that his "colleagues could continue to do great work without the distraction that a lawsuit would most certainly bring."
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Square loses No. 2 exec amid sexual harassment accusations - Fortune Tech
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