It’s relatively well known that founder CEO’s will probably be replaced, but this HBS article covers the issue well:
My research shows that in small companies, it’s still true that when founder-CEOs do badly, they are replaced. But the interesting paradox is that when founder-CEOs do really well, that also increases the chances that they’re going to be replaced.
For me, the main factor would be the skills of the replacement. I’d want what’s best for the company. Financials are important, but the main driver for me would be to see my baby fulfill its potential.
Are you ready to be replaced? Can you pass the “Rich vs King” test?
