15+ CEOs who ran their companies into the ground: '75% of the employees had quit... because paychecks kept bouncing'

The effect that leadership has on a company doesn't go unnoticed by those most impacted by it: the employees themselves. 

Companies transform under different leadership. Hirings and firings might become more frequent. Bosses can implement free lunches or hybrid work schedules… or they can take away these thing that were previously given as rewards. If you've ever been in this type of situation, you know just how much power one exec can have. They can take a company that runs perfectly well, and gut it within a matter of months. 

A lot of times, when new CEOs get into position, they want to flex their newfound power over their employees. For whatever reason, they often fire the most critical people in the organization. They'll look at an employee who's been there for 2 decades, who holds critical company knowledge, and decide that they're making too much money. Goodbye! That employee leaves forever, taking that crucial knowledge along with them. And now, the bosses are left trying to replace that guy with a couple of interns who don't know anything about the industry, or with a highly-paid contractor who costs more than the original guy ever did. 

Author image for Remy Millisky Remy Millisky
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