BLUF: Our talismanic MD is leaving, and taking a lot of the spirit of the business with him. Many of the good folk are leaving, or planning to leave.
I know there are a couple of 'casts on the subject of the boss resigning, this issue has an added sense of urgency in that:
- We are small company (40 people) owned by a larger PLC having been bought over a couple of years back. The wider Group is losing money, we are the only proftable company within the Group at present. However the Group's influence typically prevails over the individual strengths of our company (a key factor in our MD deciding to go)- He has decided to leave (not acrimonious, but not amicable split). Many of the good, young performers see this as 'the end', and are preparing to leave; some have already secured new positions
- Our MD has been central to our success, having created a culture that contributes to that success
- The company WILL suffer financially and culturally as a result of the MD going. It is a case of how bad the damage will be, with no way of knowing what kind of company will be left at the end of the shakeout. It will definitely be a lesser company, as certain key clients will not stick around
- As a senior manger, the right opportunities for me elsewhere are harder to come by
My decision is whether to a) go as soon as I can find a suitable position elsewhere or b) to stay and see if there is valuable experience (and/or opportunities) to be had in picking up the pieces and regrouping
My thanks in advance.