There's actually a study ("Rich vs King", [1]) by HBS showing that, controlling for other factors, bringing in a professional CEO can actually maximize the valu

There's actually a study ("Rich vs King", [1]) by HBS showing that, controlling for other factors, bringing in a professional CEO can actually maximize the value of the founders' equity. [1]: http://www.people.hbs.edu/nwasserman/rich_vs_king-proceedings_with_abstract.pdf http://www.people.hbs.edu/nwasserman/rich_vs_king-proceeding...