The technology industry last week passed the founders of Google (Larry Page) and (Sergey Brin) to announce their resignations from the company they founded 21 years ago, in a surprising step, but it is not the first, as they were preceded by them (Bill Gates) who resigned in 2014 from Microsoft, which he founded in 1975.
After this announcement, there was renewed talk about the reason that the founders of large companies may pay their high positions. It is said that they are no longer able to control the course of things in companies that have become global, such as Google, which owns many subsidiaries, until it restructured itself years ago to establish Alphabet, which includes all Google companies, including Google itself.
There are those who believe that it is true that these are the founders, but after these companies become public companies, investors have a say in determining who manages them, especially if investors realize that the policies of the founders may be forced by the company's business, and the founders are forced to resign under the pressure of investors.
Frequent resignations
Not only are the founders of the companies, as the number of CEOs who resigned from the companies they head increases, as last September saw a record number of CEOs who left the companies during the year 2019, when it reached about 1,160 companies based in the United States, according to Challenger, Gray & Christmas. This number was higher than in the financial crisis in 2008, as September of that year recorded the resignation of 1,132 CEOs.
Reasons for resignation
But what is the reason behind these resignations? According to (Del Rubent) - financial advisor and chief executive coach, there are 10 possible reasons for resignations: bad boss, work-life balance, professional growth, skill and efficiency use, empowerment, the main contribution to company strategy, making a difference in the world, and company culture , Financial stability, recognition and appreciation. But in a study published by PHYS.org last May, researchers at the University of Missouri said: It is only a personal decision.
Conclusion
Whatever the reason for the resignation, the move may have harm to the company, as happened with Apple when its founder (Steve Jobs) left it in 1985, but returned to success again after returning to it after 12 years. The opposite may happen. After Microsoft declined a lot during the second decade of the current century, its founder (Bill Gates) was forced to resign so that Satya Nadella takes over as president, and it grows in many areas after Nadella came up with a new strategy.
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