FORBES writes:

The CEO of a Goldman Sachs-backed company who flaunted his wealthy lifestyle for months while his employees went unpaid, was suspended Friday, Forbes has learned.

Employees of Slync.io, a tech startup that sells software to logistics companies, were told during a virtual all-hands meeting Monday afternoon that CEO Chris Kirchner has been suspended from his role. Tim Kehoe, the chief of staff who delivered the message to employees, is stepping in as interim president of the company and will report directly to the board, according to multiple employees who listened to the meeting.

“We don’t comment on people who are still with us, whether they are suspended or not. That’s all we can say at this point,” Burt White, Slync’s vice president of sales, marketing and customer success, told Forbes. “Slync’s got a great future. With Chris, it is what is, but I can’t talk about current employees.”

The company declined to comment further. An email seeking comment from Kirchner at his work address bounced.

Kirchner “has been suspended as CEO until further notice,” Mary Athridge, a spokesperson for Goldman Sachs, told Forbes. “We take our responsibility as board members and investors very seriously, as we’ve always done.”

The investors, led by Goldman Sachs, will also be providing more capital to the company to resolve the payroll issue this week, Athridge said, though she declined to say how much. A person with knowledge of the matter said the outstanding payroll was about $4 million.

Athridge declined to comment on why Kirchner was suspended…

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