Tucson, Arizona · Software company
The founder was the problem.
The company had what I call founder’s disease. The founder created the software, the product was selling, and there was an acquisition on the table. He had also hired a staff to watch him work — good people he would not let do their jobs. Everyone knew he was the problem. Nobody would tell him.
I did. I sat down, looked him in the eye, and told him the employee who had to be fired was him. His banker — the man who brought me in — made him take the advice. I recruited a real CEO and put him in place. The founder kept every share he owned.
Result: The company sold for many millions of dollars. The founder became a very wealthy man — and wrote me a thank-you note for my honesty, and for how I handled firing him.