Fired CEOs and Their Personal Brand
CEOs are fired or forced to resign. It happens, as in business, as well as in private life, some relationships are not bound to last forever. Even Steve Jobs, who will always be one of the archetypes for CEOs for a long time from now, severed his connections with Apple at a certain point.
Being fired or having rumors spread about having been forced to leave a company is a crisis for a professional’s personal brand. Other potential employers will be influenced by some other player’s decision to fire their CEO and not want to hire that very same person to lead their company. So how one handles their personal brand while and after being fired is not something that should be taken lightly.
I had a conversation on this topic with a CEO that left a tech company very suddenly, and the details of the event were never fully talked about. At least not in the open! The person in question was commenting on the Yahoo – Carol Bartz breakup and said that was the way to do it: let everyone know what’s going on instead of protecting the interests of a company that just got rid or you. I asked why they had taken a different approach and the answer was that immediately after the event, they were unable to separate their own interests from those of the former employer. Continue reading
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