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Greylock COO Tom Frangione Left Firm After ‘Lapse of Judgment’

Greylock Partners COO Tom Frangione stepped down at the firm’s request last month, after Greylock “learned of some behavior which would represent a significant lapse of judgment,” a Greylock spokeswoman said.

According to a person familiar with the situation, Mr. Frangione had an inappropriate relationship with an employee. 

In a statement, the spokeswoman said Mr. Frangione’s behavior was “inconsistent with our values” although she didn’t disclose specifics. She said Greylock had acted “with urgency.”