In defense of the founder-CEO

03/30/2011 | CNNMoney/Fortune

Startup founders often hand over control to career CEOs when their companies start to hit the big-time, but that's usually a mistake, writes Joel Bomgar. Forcing visionary founders to step down in favor of experienced but bloodless managers robs companies of momentum and vigor at precisely the moment they most need a founder's fire and drive, Bomgar argues. "The founder should start as CEO and remain CEO unless it is blatantly clear to everyone that it absolutely, positively isn't working. ... A company is a living, breathing organism, and the founder is a key part of its lifeblood," he writes.

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