3 ms·
...not while Jeff Bezos (the founder) is in charge, because he knows he will only have one Amazon in his life. Sears and JCPenney probably did well while their
by rossdavidh 7y ago
...not while Jeff Bezos (the founder) is in charge, because he knows he will only have one Amazon in his life. Sears and JCPenney probably did well while their founders were in charge, as well.
But, once it's run by somebody who could move on to somewhere else next and has no particular attachment to this particular CEO job, it can go downhill no matter how high the hilltop you're on.
We haven't seen what Facebook, Amazon, or Google look like when a non-founder is in charge, but we know Apple nearly got run into the ground after they kicked out the founder. They are doing better now, but I notice that it took the return of the founder to put them back on track.
When it's just about the money, and you can move on to another company to loot it later, the company has very little protection from its own CEO.