Seems like it depends. The Dodgeball guys clearly hated the transition. Then there's FriendFeed. Bret Taylor became CTO of Facebook very quickly after the acq

Seems like it depends. The Dodgeball guys clearly hated the transition. Then there's FriendFeed. Bret Taylor became CTO of Facebook very quickly after the acquisition and is now the second, and arguably better, public face of Facebook. His talent level is clearly off the charts though.