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.
Stock goes down, they lay people off to make it go up. And they will be without a CEO for a while. The fill in person probably will be at a disadvantage in deal negotiations because the topic of conversation will be the affair, not whatever product they are offering. That will also hurt the companies future prospects and stock price.
Why?
This. Is. Not. How. It. Works.
Substantial costs savings.
This is one of the wildest assumptions I have seen for a while.
How?