Fusion-io CEO and co-founder David Flynn resigned because he realised he didn't have the operational management skills needed to grow Fusion-io into a global business. That, in a nutshell, is what we understand after talking to replacement CEO Shane Robison. First Robison, who is also Fusion-io's chairman and president, wanted …
Since when has a CEO had to be an operations expert? Surely this is why you recruit an Operations Director?
It's the new cult of the superstar, football has it as well. And education, as it happens.
It's no longer good enough to be good enough.
You have to be a superstar CEO a la Branson, or Supercoach and win the league every year, or be a Superhead running three high schools and having a part time job on the side.
And it's worked well for the banks, hasn't it?
You fail to mention the difference is he chose to step down himself. As I had said, in the previous article, the old CEO was in it for the money, and when first sign of trouble comes, it's time to head for the exit.
That's _always_ been the fashion of Wall St. Big IPO, big pay out, then it's a matter of "that last guy out the door is a loser" situation. Apart from a very few exceptions.
Smart Guy for stepping down...
Silicon Valley is littered with companies which have had CEO and Founders who had good ideas but failed to execute on them.
Its rare for a company's founder to be the CEO and have the company survive.
For every successful founder that ends up being a successful CEO, you can find 10+ who's company has failed due to their lack of leadership ability.