In nascent years, founders and CEOs of ride-hailing giant companies in their way to pursue dreams had to share the ownership of the company. The more the external investors hold the shares, the more the risk of losing the founder’s control.

In a Corporation, the founders can get fired just like the other employees. Here are some of the high-profile founders who were pushed out by the board.

 


Also Read: ResearchED: The Filmy Rise And Fall Of Ashneer Grover


Being a founder of the company doesn’t ensure one’s tenure in the company. A founder is just like other employees. Poor performance, financial misconduct, and any behavior that is seen as a threat to the reputation of the company can shuttle the founder to the side.

Shareholders can demand the board to fire the founders if they’re seen unfit. Though it’s hurtful, all giant companies that are leading this world today wouldn’t have been successful if these founders didn’t open a path for their investors.


Disclaimer: This article is fact-checked

Image sources: Google Images

Sources: The Economic Times, Business Insider

Find The Blogger: @sanna_wren_

This Post Is Tagged Under: Apple, Ashneer Grover, Bill Gates, Binny Bansal, CEO Jack Dorsey, CEO of Twitter, CEOs, Flipkart, Flipkart Walmart, Founders, Microsoft, Steve Jobs, Uber 

We do not hold any right/copyright over any of the images used. These have been taken from Google. In case of credits or removal, the owner may kindly mail us.


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