You may remember a few weeks ago when GOOP CEO Seb Bishop quit his high-profile job at Gwyneth Paltrow's ridiculously-named website and "lifestyle firm."
Now it seems we know why Seb decided to jump ship, and surprisingly, it's not because Gwyneth is terrible to work for. Well, at least that's not the only reason...
Radar Online reports that GOOP is in massive debt, largely as a result of extravagant spending on Paltrow's part.
According to documents revealed by Radar, GOOP took in nearly $1.5 million in 2012. Not bad. But then Gwinnie got her paws on the profits and spent every dime the company took in and more just on administrative costs (i.e., pedicures).
So GOOP was already in debt before Paltrow and Bishop spent about six figures each (or more) on the GOOP website, the newsletter and "product costs" (i.e., more pedicures).
It gets worse: