Another fresh #TLDR http://t.co/wnqvf9BV7o
July 03, 2013
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Handing Over Your Company To Someone Else To Manage
Bringing in the CEO ≠ losing control of the company. In fact, it can be opposite if Founder and the new CEO work well as a team (vision+operations synergy) - The examples of such situations: Google (Eric Schmidt), LinkedIn (Jeff Weiner). While Founders retain control over the board&ownership, CEO's job is to manage.
http://tldr.io/tldrs/51d3e98ee04d76df29000bfc/handing-over-your-company-to-someone-else-to-manage