Chris Kirshner: This CEO, who bought a Ferrari Superfast for $500,000, flew around the world on a private jet while his employees didn’t get paid, suspended

The CEO of a Goldman Sachs-backed company has been making headlines for months, but not primarily because of late payments or long delays in paying his employees. It’s his flashy lifestyle, and the same is what led to the man being suspended as CEO of a tech startup.

On Monday, the staff slink.io, a technology startup that sells software to logistics companies, was informed during a virtual meeting about Chris KirchnerSuspension.

Kirchner, who was selling

Even a few years ago before he started his logistics software company, he was never shy about flaunting his affluent lifestyle — of course, after he got it, that is. The only problem was that he did so while his startup’s employees were not being paid, and at the same time, executives who questioned the company’s financial health or delays in payments were fired due to employees.

“We don’t comment on people who are still with us, whether they have been suspended or not. That’s all we can say at this point,” said Bert White, vice president of sales, marketing and customer success at Slink.
Forbes. White added, “Slink has a great future. With Chris, that’s the case, but I can’t speak to the current staff.”

Over the past 18 months, the CEO has bought a $15 million private jet, bought luxury cars, tried to buy an English soccer team, joined an exclusive country club in Texas and more, while his company kept running out of money and struggling to raise money. . funds or even attract new customers, according to a report in
Forbes.

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Kirchner’s lavish lifestyle did not go unnoticed by Slink’s employees, who concluded that the CEO was more interested in living an impressive life of comfort and wealth than contributing to building a successful business.

“I do not know that [Slync] “Chris Kirshner was ultimately using sports to buy access to things he wouldn’t have as a normal person,” said a former employee who did not want to be named, as quoted by Forbes.

While employees still faced payment delays and workplace uncertainty, the company’s CEO purchased a black Ferrari 812 Superfast, which sells for between $300,000 and $500,000.

That same month, Kirchner purchased a black Ferrari 812 Superfast, which retails for between $300,000 and $500,000. (Slync spokesman Jimmy Rentz said the company repaid the loan at the end of 2020.)

When the company announced in February 2021, that Goldman Sachs He led a $60 million Series B funding round, which then valued the company at $240 million, and Slync’s direction changed, as did Kirchner’s private image.

Since the company has signed a multi-million dollar sponsorship agreement with the Dallas Stars NHL ice hockey team, Kirchner made news to purchase a Gulfstream G550 private jet. He was also seen driving luxury cars – including his Ferrari, which has since been painted red.

Despite the tech startup’s depleted finances and limited client list, Kirchner joined the Vaquero Club, an exclusive country club in Dallas where an annual golf membership costs more than $150,000.

The CEO even hosted a group of employees at Vaquero during the summer of 2021. At the party, Kirchner showed off his fortune as he bragged about playing golf with Saudi princes, and flying to exotic destinations on his private jet, the report said.

“The lifestyle he was leading didn’t feel real,”
Forbes Another former employee was quoted as saying.

After Kircher was suspended as CEO, Goldman Sachs spokeswoman Mary Ethridge told
Forbes That investors will provide more capital to the company to solve the salary issue this week. The report revealed that the payroll owed amounted to about 4 million dollars, according to the report, which quoted a person familiar with the matter.

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