A US tech company says its chief executive has quit after he was apparently caught on a big screen at a Coldplay concert embracing a female co-worker, in a clip that went viral.
The clip showed a man and a woman hugging on a jumbo screen at the arena in Foxborough, Massachusetts, before they abruptly ducked and hid from the camera.
The pair were identified in US media as Mr Byron, a married chief executive of Astronomer, and Kristin Cabot, the firm’s chief people officer.
my understanding is the wife already changed her last name on facebook, so divorce filing is pretty much a given. He is definitely claiming no salary income, but she’s gonna grab him by the assets
Don’t these C-level guys usually get a golden parachute? He “tendered his resignation”, but probably still got some severance. Board could force him out but probably triggers some other vesting/equity clause. So having him “resign” but give him golden parachute.
This also isn’t some huge company. Closer to a startup still. Might not have that kind of benefits yet
Golden parachutes usually don’t involve inter-company affairs. He’s going to be lucky if the board doesn’t sue him for defamation of the company name essentially.
What an insane comment and by-product of the modern day.