George Zimmer, founder of Men's Wearhouse was summarily terminated this week with little explanation. A great Washington Post article written by Jena McGregor summarizes the situation. I particularly noted this comment:
According to reports, one retail industry analyst speculated that Zimmer, who transitioned out of the CEO role in 2011 to become executive chairman, may have had trouble letting go of the reins, a common problem for founders.
Ego Trap 4 at it's destructive work: Not Letting Go of Control.
To see the whole article, go here: