#011: Why a CEO Stepped Down so an Intern Could Take Over /w Hermann Arnold


Manage episode 282904359 series 2860722
By David C. Luna, GAMMA Digital & Beyond, David C. Luna, and GAMMA Digital. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In 2013 Herrmann Arnold (at that time CEO and shareholder of Haufe-umantis AG) voluntarily stepped down as a CEO and appointed a former intern for the CEO position, because he was convinced that he wasn‘t the right person to continue the next growth stage of his company. Many would view this as a colossal failure. Why the exact opposite is true, is something we discuss at length in this episode.

In this episode we will answer some of the following questions:

  • Why my guest voluntarily stepped down as a CEO in order to give a former intern his position
  • How his successor and customers reacted to this decision
  • How a manager recognizes the point where he or she is not the right person anymore to continue to lead the company
  • What it felt like coming back to the company and working under the new CEO
  • How he handled the conflict of his successor implementing his ideas with success
  • Why more companies should think about limiting the terms of their CEOs
  • What he learned from letting his employees vote for managers and why he believes this might not be the solution for the future

Show Notes, Transcription, & Resources Mentioned: gammabeyond.com/en/podcast/011

Podcast Website: www.innovationalcorrectness.com

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19 episodes