Latest news with #Chemtob
Economic Times
2 days ago
- Entertainment
- Economic Times
Astronomer CEO Andy Byron's divorce bill revealed following Coldplay kiss cam controversy with HR chief
A feature at the Jumbotron of a Coldplay concert will cost dearly to Andy Byron, who recently had to step down as the CEO of Astronomer. Andy Byron might have to give millions to his wife Megan Kerrigan if they decide to opt for a divorce after Byron was caught canoodling with the HR chief. Tired of too many ads? Remove Ads How much would Andy Byron's divorce cost him? Tired of too many ads? Remove Ads What happened at the Coldplay concert? Astronomer CEO Andy Byron, who was put on leave by his company, after his video canoodling with the HR chief Kristin Cabot at a Coldplay concert went viral, has resigned. Astronomer issued a statement Saturday announcing that the Board of Directors has accepted the Byron might have to shed millions and his wife Megan Kerrigan could end up a very rich woman if she decides to dump him and take the divorce. This is because of Massachusetts's 50/50 marital laws and she could take home half of her husband's millions, estimated to be anywhere from $20 million to $70 million, reports New York PostMatrimony and family lawyer Nancy Chemtob, a partner at Chemtob Moss Forman & Beyda told NY post that Massachusetts law makes it mandatory for those married for more than seven years must split any assets they built together. 'It's obviously a long-term relationship,' she said of Byron and state rules mean ex-Astronomer CEO Andy Byron, a firm he helped build, could have to shell out tens of millions to Kerrigan, Chemtob said. It is to be noted that Megan instantly switched to her maiden name on social media after word of her spouse's kiss-cam canoodling with his company's top human resources exec set the internet ablaze. While the Coldplay concert video could serve as evidence at trial, it's not necessary to dissolve the marriage in Kristin Cabot might not have the same financial dilemma in the face of divorce, Chemtob noted. Reason? This is because she and her apparent husband Privateer Rum owner Andrew Cabot, seem to have been together a relatively short time. The details can get much dicier if either couple had prenuptial or postnuptial agreements, Chemtob if any marital funds were misused to finance an extramarital affair, it could significantly impact the financial terms of a future divorce, Combs pointed it's the couple's children who suffer the most in situations like this, Chemtob added. 'I think the worst thing in this case is the embarrassment factor for the kids,' she explained.'The problem here is that now, the kids are embarrassed, the families are embarrassed, and there's going to be a lot of expenses with regard to therapy for the children, getting separate homes, things like that.'Andy Byron and Astronomer's HR chief Kristin Cabot attended the Coldplay concert in Boston Wednesday night which captured them canoodling together, drawing the attention of the audience. When they saw themselves on the big screen, they ducked the camera and got awkward. Even Coldplay's lead singer Chris Martin couldn't help but quip from the stage, "Either they're having an affair or they're just very shy," and added, "I hope we didn't do something bad."The buzzworthy video that took TikTok and other social media by storm captured Andy Byron and Kristin Cabot as they swiftly dodged the camera at the stadium. The video snowballed into an unprecedented Internet frenzy as social media users looked them up and found out everything about their personal and professional lives. They were placed on leave as Astronomer announced an investigation into the issue and named Pete DeJoy as the acting CEO.
Time of India
2 days ago
- Business
- Time of India
Astronomer CEO Andy Byron's divorce bill revealed following Coldplay kiss cam controversy with HR chief
How much would Andy Byron's divorce cost him? Live Events What happened at the Coldplay concert? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Astronomer CEO Andy Byron, who was put on leave by his company, after his video canoodling with the HR chief Kristin Cabot at a Coldplay concert went viral, has resigned. Astronomer issued a statement Saturday announcing that the Board of Directors has accepted the Byron might have to shed millions and his wife Megan Kerrigan could end up a very rich woman if she decides to dump him and take the divorce. This is because of Massachusetts's 50/50 marital laws and she could take home half of her husband's millions, estimated to be anywhere from $20 million to $70 million, reports New York PostMatrimony and family lawyer Nancy Chemtob, a partner at Chemtob Moss Forman & Beyda told NY post that Massachusetts law makes it mandatory for those married for more than seven years must split any assets they built together. 'It's obviously a long-term relationship,' she said of Byron and state rules mean ex-Astronomer CEO Andy Byron, a firm he helped build, could have to shell out tens of millions to Kerrigan, Chemtob said. It is to be noted that Megan instantly switched to her maiden name on social media after word of her spouse's kiss-cam canoodling with his company's top human resources exec set the internet ablaze. While the Coldplay concert video could serve as evidence at trial, it's not necessary to dissolve the marriage in Kristin Cabot might not have the same financial dilemma in the face of divorce, Chemtob noted. Reason? This is because she and her apparent husband Privateer Rum owner Andrew Cabot, seem to have been together a relatively short time. The details can get much dicier if either couple had prenuptial or postnuptial agreements, Chemtob if any marital funds were misused to finance an extramarital affair, it could significantly impact the financial terms of a future divorce, Combs pointed it's the couple's children who suffer the most in situations like this, Chemtob added. 'I think the worst thing in this case is the embarrassment factor for the kids,' she explained.'The problem here is that now, the kids are embarrassed, the families are embarrassed, and there's going to be a lot of expenses with regard to therapy for the children, getting separate homes, things like that.'Andy Byron and Astronomer's HR chief Kristin Cabot attended the Coldplay concert in Boston Wednesday night which captured them canoodling together, drawing the attention of the audience. When they saw themselves on the big screen, they ducked the camera and got awkward. Even Coldplay's lead singer Chris Martin couldn't help but quip from the stage, "Either they're having an affair or they're just very shy," and added, "I hope we didn't do something bad."The buzzworthy video that took TikTok and other social media by storm captured Andy Byron and Kristin Cabot as they swiftly dodged the camera at the stadium. The video snowballed into an unprecedented Internet frenzy as social media users looked them up and found out everything about their personal and professional lives. They were placed on leave as Astronomer announced an investigation into the issue and named Pete DeJoy as the acting CEO.
New York Post
3 days ago
- Business
- New York Post
Here's how much Andy Byron's divorce bill could be following Coldplay kiss cam debacle: expert
Andy Byron's wife could end up a very rich woman if she decides to dump the alleged two-timer. Thanks to Massachusetts's 50/50 marital laws, Megan Kerrigan — who shares two kids with the now disgraced AI firm exec — could take home half of her husband's millions, estimated to be anywhere from $20 million to $70 million. The Bay State mandates those married for more than seven years must split any assets they built together, said matrimony and family lawyer Nancy Chemtob, a partner at Chemtob Moss Forman & Beyda. 'It's obviously a long-term relationship,' she said of Byron and Kerrigan — who instantly switched to her maiden name on social media after word of her spouse's kiss-cam canoodling with his company's top human resources exec set the internet ablaze. 4 The moment the jig was up. Grace Springer via Storyful The state rules mean Byron, who resigned on Saturday from Astronomer, a firm he helped build, could have to shell out tens of millions to Kerrigan, Chemtob said. It's not clear when the former exec made his fortune, but the Economic Times estimated his net worth is estimated between $20 and $70 million. His alleged mistress, Kristin Cabot, might not have the same financial dilemma in the face of divorce, Chemtob noted, as she and her apparent husband, Privateer Rum owner Andrew Cabot, seem to have been together a relatively short time. The details can get much dicier if either couple had prenuptial or postnuptial agreements, Chemtob noted. 4 Megan Kerrigan Byron pictured with Byron and their kids. Megan Kerrigan/Facebook Some prenups include clauses for cheating, in which the guilty party would be ordered to pay their partner for their betrayal. While the Coldplay concert video could serve as evidence at trial, it's not necessary to dissolve the marriage in Massachusetts. Jackie Combs, a Los Angeles-based matrimony and family lawyer for the firm Blank Rome, told The Post courts are usually reluctant to enforce infidelity provisions. 4 Cabot is Astronomer's HR head. Maud Cabot/Facebook However, if there was any 'misappropriation' of marital funds to support an extramarital affair, it could influence the financial outcome of any potential divorces, Combs noted. The real losers in this situation are the couple's children, Chemtob said. 4 Byron (third from left) pictured with Cabot (far right) in an undated photograph. Bain Capital Ventures 'I think the worst thing in this case is the embarrassment factor for the kids,' she explained. 'The problem here is that now, the kids are embarrassed, the families are embarrassed, and there's going to be a lot of expenses with regard to therapy for the children, getting separate homes, things like that.' It was unclear where both marriages stood in the wake of the high-profile scandal.
