How do I deal with an owner who can’t let go?4 min read 12 Jan 2016, 12:57 AM IST
As the group CEO, I've grown the firm, but now the owner has started to needlessly get in the way. How do I handle the situation?
I joined a mid-sized owner-managed company about two years ago as its new group CEO. In this period, I rebuilt the management team, raised service levels and stepped up growth. I’ve had a fulfilling run, except that of late, the owner has begun to unnecessarily get in the way. He needlessly interferes, uses his veto power to overturn my decisions, and is becoming more and more whimsical in his own decision-making. That’s begun to take a toll on my morale. I’ve tried to reason with him that you can’t have two sets of hands on the steering wheel without creating an accident.