Opinion
The Silicon Valley founder-CEO is no longer untouchable
As profitability once again becomes a priority, the pendulum is swinging back, at least a little bit, toward the professional CEO.
Beth KowittWhen Bumble said that its founder, Whitney Wolfe Herd, would step down as CEO, analyst and media reports painted her as a great visionary. Her successor, former Microsoft and Salesforce executive Lidiane Jones, who took on the job last week, was called a strong operator.
This has long been the plight of professional CEOs. They are the boring “tech industry veteran” while the founders they succeed gets to be the “high-level thinker.”
Bloomberg Opinion
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