Solyndra CEO Resigns

    The Exterior of bankrupt Solyndra is seen in Fremont, Calif., Friday, Sept. 16, 2011. The Obama administration was worried about the financial health of Solyndra, a troubled solar energy company, and the political fallout it could bring even as officials publicly declared the company in good shape, newly released emails show. An email from a White House budget official to a co-worker discussed the likely effect of a default by Solyndra Inc. on Obama's re-election campaign. Solyndra is also under investigation by the FBI.  (AP Photo/Paul Sakuma)

    Paul Sakuma / AP Photo

    The Solyndra scandal has claimed its biggest victim yet. The California solar-energy company filed papers in court Wednesday announcing that its CEO, Brian Harrison, had resigned last Friday. Harrison had sought bankruptcy protection for the company after it received a $528 million loan from the Obama administration. While the troubled company said Harrison had considered resigning even before the bankruptcy, Solyndra Inc. filed the papers yesterday in response to the Justice Department’s move to investigate the bankruptcy case. Harrison and Solyndra’s chief financial officer, W. G. Stover, have refused to answer questions before a House committee regarding the loan.

    Read it at The Washington Post