Co-founders are great but co-CEOs aren’t, says Greenback Expat Tax Services CEO and co-founder Carrie McKeegan.
In a recent feature for Inc.com, McKeegan, once a co-CEO before her partner’s decision to step down, lists a few reasons why businesses do better with just one leader:
- Avoiding duplication is impossible—This is overwhelmingly the biggest reason that most businesses would do better with one person in charge. No matter how you divide up responsibilities, a decision in one leader’s part of the business always has a knock-on effect on the other’s.
-  The team gets confused—The question arises: who makes the calls? Both CEOs? Neither?
-  Company culture is hard to form—No matter how aligned two CEOs are on business strategy, they are still two different people with different personalities and styles. While the team can come to understood those dynamics, it makes finding an organizational culture elusive.
Read the full story for more about the pitfalls a pair of CEOs can encounter.
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