When the founder must leave the business

During the Easter holidays in 2016, I got a strange and challenging call from a friend that has been running a particular business for the previous 12 years. He called to seek my opinion about an important issue – he wants to exit his role as the CEO of his business by appointing one of his managers to run the business without any interference from him. Since I was aware that he owns over 75% of the business along with his spouse, I was confident that…

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