Recently I was a guest lecturer at Stanford with Jeff Chambers, who is a VC. I took the opportunity to ask him, “When is the right time to fire a CEO?” He said, “You should fire the CEO the first time it occurs to you. If a founder or vice president comes to the board and says to fire the CEO, you have to take into account that they probably went through a lot before that point. They are there every day and not acting on a whim. Whatever is going on is a serious issue and will likely get worse.”
