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According to most bylaws CEOs sit at the pleasure of the board, not the pleasure of the chairman. So a ceo can be fired any time the board votes for it regardle
by matt_the_bass 8y ago
According to most bylaws CEOs sit at the pleasure of the board, not the pleasure of the chairman. So a ceo can be fired any time the board votes for it regardless of who the chairman is.
Perhaps a better question to ask is what is really the role of the chairman vs the CEO in the company.
- staunch 8y agoThe board generally controls everything, including who the chairperson is. Founders should maintain board control as long as possible, hopefully until they leave voluntarily. They're the least likely people to destroy the company. They're the most qualified to run it (having created it) and the most incentivized not to destroy it (owning a large part of it).
- matt_the_bass 8y agoI’m not convinced that they are always the most qualified to run it. I’ve seen plenty of good technologies founded by people who are terrible at executing.