When you start a company and make it reach to the top it might happen that you get fired from your own position. This situation arises when their is involvement of venture capital. If you face such scenario don’t get depressed because you are not the only person facing this in the whole world.
Here are few people who had made their company successful and then were thrown out because of different reasons.
We all know that Steve Jobs co-founded Apple in 1976. He was then fired from Apple in 1985. After leaving Apple, Jobs founded NeXT computers as well as The Graphics Group which was later named Pixar.
Pixar was extremely successful after partnering with Disney. He returned to Apple as interim CEO in 1997.
Mason was the founder of Groupon in 2006, but after initial success the company floundered. Mason was dismissed from hisposition on February 28, 2013. In a letter to Groupon employees on the day of his dismissal, he wrote in part:
After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding – I was fired today. If you’re wondering why… you haven’t been paying attention.
Martin Eberhard co-founded Tesla Inc. (then Tesla Motors) in 2003, serving as CEO until 2007. Eberhard was ranked among the top 24 innovators of 2007 by Fortune Magazine. On January 7, 2008 Eberhard confirmed that he was no longer employed in Tesla Motors and was only a shareholder in the company.
Yang founded Yahoo! in 1994, served as CEO from 2007 to 2009. Yang enjoyed the rise of Yahoo throughout the 2000s seeing the company raise to nearly a $22 billion market capitalization.
The company experienced turbulence with the dominance of Google and Yang was criticized for turning down an offer from Microsoft to buy Yahoo for $44.6 billion. That, along with several changes in leadership, forced Yang to step down from his position 2009. He remained on the Board of Directors for Yahoo until 2012 when he officially cut ties with the company.
George Zimmer, founder of Men’s Wearhouse was ousted as executive chairman in the year 2013 due to a disagreement with the board of directors over the direction of the company.
Zimmer and his college roommates opened the first Men’s Wearhouse store in 1973 in Houston. Since 1986, Zimmer has narrated and appeared in many of his company’s television commercials, usually closing with the company slogan: “You’re going to like the way you look. I guarantee it.”
Jet Blue’s founder and former CEO David Neeleman started the airline in 1999. The company experienced ups and downs until 2007 when concerns of reliability crippled the company’s revenue. On May 10, 2007, David Neeleman was replaced by David Barger as CEO of JetBlue.
The following year, Neeleman founded Azul Brazilian Airlines.
Noah Glass is one of Twitter’s co-founders who came up with the name Twitter. He was fired in 2006 by fellow co-founder Evan Williams.
Jack Dorsey, another co-founder and currently Twitter’s chairman, also apparently wanted him booted from the company.