Removing the CEO - Business Insider

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'Waiting is never the right answer. Failing to act is never the right answer. You must remove a failing CEO.' — Read the latest from venture capitalist fredwilson

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Fred Wilson, venture capitalist and co-founder of Union Square Ventures, argues that removing a failing CEO is a tough but important decision that a board must quickly act on.

It is an important decision and one that must be made from time to time. I am not a fan of removing the CEO until and unless it is abundantly clear that it must be done. It is an even harder decision to make when you don't have an obvious replacement, or when you are not 100% confident that the obvious replacement will be an improvement over the current CEO.

 

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