Founders Fired From Their Own Company

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Jim McDougall/Flickr "The founders get fired when they've turned over majority control of their company to others in exchange for working capital, and the investors lose faith in the founders'...…

With his great discovery, he is so unlucky because he becomes one of the founders that were fired from their own company. With the presence and dominance of Google, the company that was led by Jerry Yang gets turbulence.…

She co-founded Cisco with her then-husband, Len Bosack, but was later fired in 1990. Together, she and Bosack--who quit--reportedly sold their shares in the company for $170 million. Lerner went on to launch Urban Decay, a cosmetics company, and runs an organic farm and restaurant.…

Jun 20, 2014 · Groupon Inc. GRPN, +1.52%  fired its chief executive and founder, Andrew Mason, in February 2013, a day after reporting a quarterly loss that was wider than expected, which raised questions about...…

Sep 09, 2019 · A CEO/founder can get fired from his own company once he no longer controls the company’s board. This is something that happens to later stage companies, where board members such as investors, gain a majority of the seats and the CEO/founder is unable to overrule the rest of the board’s decision.…

Sandy Lerner, one of the cofounders of Cisco, is no longer part of the company after losing control  to a management group led by its early investor, Sequoia Capital’s Don Valentine. She was...…