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The Succession Question at Tech Firms: When's the Right Time to Go?
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******************************** The Succession Question at Tech Firms: When's the Right Time to Go? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1467 The recent resignation of Scott McNealy as CEO of Sun Microsystems, the company he founded 22 years ago, is another milestone in the succession process of a large technology company. But tech companies often pose unique succession issues, in part because of their unusually fast growth and young founders, according to Wharton faculty and technology experts. The challenges are especially critical when the entrepreneurs are celebrities, and when the company has grown large enough that broad-based management skills become as crucial as entrepreneurial passion.
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