Founder-CEO Succession at Wily Technology Harvard Case Solution & Analysis

Before he takes the new post of Director General, Dick Williams, founder Lew Cirne wants to step down as chairman. When considering the incredible demand Williams, Cirne reflected on all that he has given to get Wily Technology at the moment. He agreed to step down as CEO and take what may be largely symbolic title CTO. He also agreed to give Williams about as much capital as he has much more in salary. As the founder, CEO and Chairman of Wily Technology, Cirne worked hard to build the skills needed to lead its launch. He developed the technology early Wily alone hired 50 employees to help him build his company, and has successfully led the strategic transformation of the company. He led Wily to the point where several important customers bought its flagship product, and successfully raised two rounds of financing from top investors. Cirne wondering what he could do to be pushed to the side like this. What should he do? "Hide
by Noam Wasserman, Henry McCance Source: Harvard Business School 19 pages. Publication Date: May 02, 2005. Prod. #: 805150-PDF-ENG

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