Any words of wisdom on hiring an outside C.E.O? Cautionary tales?
5 comments
Take your time.
Understand the new CEO's motivations.
Create a new board seat for the CEO: http://www.venturehacks.com/articles/ceo-board-seat
Bring him on board as an Advisor or Director first and see how that works out.
Understand the new CEO's motivations.
Create a new board seat for the CEO: http://www.venturehacks.com/articles/ceo-board-seat
Bring him on board as an Advisor or Director first and see how that works out.
The Jim Cramer book (of all books) Confessions of a Street Addict chronicles his hiring and firing of a few clueless/alcoholic CEOs when he started his web venture.
Why are you hiring an outside CEO? (Note: I'm not trying to second guess you. I just think your story might be valuable to people on this forum.)
Cautionary tale: Fernand Serrat.
Hm, been googling him but not much comes up besides mentions that he was lousy and made a surprise resignation at Linuxcare...
Oops, spelled it wrong: Fernand Sarrat. Try googling with words such as 'lawsuit', and 'sexual harassment'. Also look around for 'Doug Nassaur' (not the object of Sarrat's affections, but hired by him).
The Pmarca Guide to Startups, part 9: How to hire a professional CEO
http://blog.pmarca.com/2007/08/the-pmarca-gu-1.html