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.

"Andy Byron has tendered his resignation, and the Board of Directors has accepted. The Board will begin a search for our next Chief Executive as Cofounder and Chief Product Office

After a viral Coldplay concert clip, Astronomer Inc.'s CEO resigned. Here's what boards must know about executive conduct, liability, and reputational fallout.