The so-called Founder mode is basically necessary when a CEO shows signs they're unable to effectively manage their suite of chiefs and directors to steer the company stably into better times. The founder (often CEO themselves) feels immense board pressure and blames reorganizations (they chose for themselves) for this and goes all-in on another reorganization after firing executives and publicly sharing their epic shareholder letter, while quoting Steve Jobs and other greats.Absolutely not saying MBA CEOs like Tim Cook are superior (in fact I personally believe the opposite), but for a founder to go into "Panic mode" is an act of childish, unstable behavior. When you stop and think about it from 5000 feet, maybe the founder is the one that should be replaced. It wouldn't be so bad in case of AirBnB.
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