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Founders Who Left Their Own Cos
3) Jerry Yang -
Jerry Yang is the Co-founder and former CEO of Yahoo. His recent resignation makes us wonder if any CEO in this world is safe from getting fired. It is speculated that his getting fired was due to his vision and mode of operating, which many saw as an obstruction in the growth of the company. His departure from the company, however, made the stocks of Yahoo go up. Scott Thompson, a former executive of PayPal, is the current CEO of Yahoo. Also, a major deal with Microsoft fell through becuase Yang was against it. A CEO should be given liberty to an extent to decide about the future of his company. However, sometimes a good decision taken for the betterment of the company can reap negative results.
4) Jeffrey Hollender -
Jeffrey Hollender was the founder of Seventh Generation, a company that sold eco-friendly products. Like most CEOs exiting their companies, the reason behind his departure is also unclear. In 2009, he stepped down as the CEO of the company and assumed the position of a Chief Inspired Protagonist. However, he severed all ties with the company in 2010. Despite much debate, the only probable reason behind his leaving the company was quotes as "divergent paths" in a letter issued by the company to its share-holders. This again indicates the age-old reason of creative differences, which make CEOs exit their own creations.
