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How To Deal With Divorce In The C-Suite

Feb 13, 2020
By Nina Hendy
For executives, a marriage breakdown could have ramifications for a company - but how much to share and when should you step back?
In January 2019, Amazon CEO Jeff Bezos took to Twitter to announce the dissolution of his 25-year marriage to MacKenzie Bezos. The tweet had been intended to steady the corporate ship, but it sparked media scrutiny about the division of the couple’s vast fortune. In 2017, Dominos Pizza chief Don Meij sold shares worth $53.8 million to “fund option exercises, tax liabilities from his options and a divorce settlement”.
There are some benefits to informing your employer and colleagues about a separation.  
Not every divorce will have the impact of the Bezos or Meij split, and how to handle news of divorce is an individual decision. But for executives, the toll of a marriage breakdown could have ramifications for a company.
Divorce can be an emotional roller coaster, with the potential to affect decision making. Some might need to take time…
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Work Place Distractibility!

A father going through a difficult divorce while at the same time struggling with an adolescent daughter who was in and out of treatment for behavioral health issues.
While at work this dad was so concerned about his daughter that he dropped everything to accept cell phone calls, no matter what he was doing.
Customer feedback about the distractions was reaching his colleagues and the CEO of the company. Not only was he distracted and provided poor customer service and disruptions in the schedule, he also fell deeply behind in record keeping and paperwork. The company felt the employee was highly valued and whose performance, until recently, had been outstanding.
A team made a thorough evaluation of the situation and developed this performance improvement plan:No cell phone while on the clock unless it was a call from a doctor or an emergency.
A temporary reduction in helping customers to give him time to catch up on his paperwork.
Counseling to help work through his marital and parenting …

Physicians Who Are Physically Present But Mentally Miles Away.

At least one-third of all physicians will experience a period where they have a physical, mental or behavioral condition that impairs their ability to practice medicine safely, the Annals of Internal Medicine suggest.
The rate of divorce among physicians is estimated to be 10 to 20% higher than in the general population.
Surgeons married to surgeons experience greater challenges than surgeons whose domestic partners were employed in other professions.
Doctors have personal problems such as, marital or relationship issues, children in crisis, financial investments have gone bad, and elderly parents in need of care. 
Physicians are often unaware of the toll that stress is taking on themselves and their work. There is one person who can see the toll it is taking, and that is their employer.
Distracted employees cost the company plenty. Relationships stress costs employers about $300 billion annually (Velasquez-Manoff, 2005)
Major financial problems cost businesses an estimated $15,000 per af…

Seven Myths Of Domestic Violence And Child Custody.

Most people think that a couple who are physical should get a divorce and the problems will go away. Separation is the only way to stop the aggression from escalating and getting worse. Here are seven more myths that people believe about divorce. 
1) Domestic violence is rarely a problem for divorcing couples involved in child custody disputes. The reality is that “high-conflict divorces” involving child custody report a history of domestic violence. Sometimes the physical aggression is not presented until the couple is separated and he no longer has control over her.
2) Domestic violence ends with separation for abused women. The reality is that abused women are in more danger when they first leave and face continued risks from their partner for several years. The abuser will use the family court as a tool to use against her and to gain custody.
3) Children are not abused directly, so they are not harmed by exposure to domestic violence. The reality is that children exposed to domesti…

How Divorce Effects The Bottom Line In Your Company

Let us help you see how the effects of divorce in the workplace are affecting your businesses bottom line. Employees struggling through a divorce and the aftermath that continues for years are often missing work, have poor performance, and lower productivity than other employees.
Even though these employees are at work, they’re often absent mentally, emotionally and creatively.Harvard Business Review estimated that presenteeism costs American business $150 billion annually. A distracted employee is a significant cost to a business being able to reach its goals, to make informed decisions, and have troubleshooting ideas that affect the bottom line.
Divorce issues often stretching into months and years. The financial toll it takes on businesses’ as the Minneapolis-based Life Innovations study titled “Marriage and Family Wellness: Corporate America’s Business?” calculated that stress from relationship-related issues costs companies $300 billion a year. This study also found that employees…

How Family Court Brings Down Productivity

The family court system is out of control. No one can deny it. If you personally have not experienced the crazy system, chances are a friend, family member, or an employee has. 
Yes, those crazy stories are true, and they are not your employee trying to get out of work. These parents/employees are under a lot of stress and it hinders every aspect of their life including work. Your employees are focused on their children, how they are going to find the money for an attorney, how they are going to live, and the list goes on. They are focused on these issues while trying to perform their work and keep up their performance.
The courts will make parents jump through hoops.The courts do not care about a parents employer or work unless they are the ones paying for child support and then they really could care less. If a court orders treatment or a parent go to a certain class, they better get there or it will show they really could care less about their children. 
Laws have needed to be created…