A tech company CEO has resigned after controversy over a video captured on the big screen at a Coldplay concert.

"Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met," the company said.

The IT company CEO captured in a widely circulated video showing him embracing an employee at a Coldplay concert has resigned.

The CEO of Astronomer, a New York-based tech company, resigned Saturday following speculation surrounding a moment caught on camera during a Coldplay concert in Massachusetts this week.