[drewying]

We have a guy kinda like this at our current company. He is a co-founder of the company. When our angel investors came in there was some drama and disagreements. End result he was demoted and stripped of all his responsibilities.

They can't fire him since he helped found the company and has some protections. But he refuses to do anything they ask him. Now both sides have given up. Guy won't even come into the office most of the time.

I don't know if it's a position I ever want to be in.

[marme]

this kind of stuff happens all the time. It is not that they cant fire it is that he is partial owner of the company since he is a founder. Founders get into a fight and someone is forced out. You cant stop him from owning the company so he is still entitled to everything the other owners are and probably guaranteed himself a seat on the board so they can do nothing but put up with him. Even Steve Jobs was fired from Apple in the 90s when he lost control of the company. He was still a major stock holder of the company but all the other stock holders decided he should not participate in the operation of the company and he had to just sit back and watch the company he founded go on with out him

[zerr]

Isn't that a passive income that we all try to achieve here?

[na85]

That company is going nowhere and you need to leave.

[pbhjpbhj]

The co-founder is just not an employee. They're more like an owner that demands a payment without commensurate input in to the company.

Not sure that makes the company so bad you have to leave; it's an historic glitch. Can you expand on your reasoning.