Can an Outside CEO Run a Family-Owned Business?

An experienced leader steps unknowingly into a family business system in which the patriarch was unready, ultimately, to step aside, and finds himself on the outside, literally.

Gus found his dream job. After being head of sales in a large sporting goods company for over a decade, he was ready to move up to a CEO role. A good friend ran a sizeable sports cap company, a family business, and he was looking to step aside. Gus took the job and relocated his family. Eighteen months later he was out and looking for new employment.

What happened?

Read more: Harvard Business Review Blog


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