The Ticker: MDC CEO Resigns; Toshiba CEO Resigns; Ashley Madison Caves; and More

A roundup of the morning's news.

Adweek: MDC Founder Nadal Quits Amid SEC Investigation

The Wall Street Journal: Toshiba CEO Felled by Accounting Scandal

TIME: Ashley Madison Already Caved to Hackers’ Demands

Brand Channel: Coca-Cola Asks for Independent Commission to Oversee FIFA

Fortune: Gawker, Reddit Learn a Similar Lesson: Growing Up Is Hard