Case | HBS Case Collection | March 2005

Vignette: Waiting for a CEO

by G. Felda Hardymon and Ann Leamon

Abstract

A venture capitalist must decide how to respond to an e-mail from his long-time troubleshooter now installed as interim CEO at a struggling contract manufacturing exchange for the custom car business. The investors have been seeking a full-time CEO but have made little progress. Does the investor switch search firms, push for the company to be acquired, or continue as they've been doing? Each strategy imposes its own set of costs, whether in time, reduced return on investment, or increased compensation to the interim CEO and continued floundering at the company, in addition to possible strains in investor relations.

Keywords: Venture Capital; Business or Company Management; Investment; Business Ventures; Corporate Governance; Business and Stakeholder Relations; Financial Strategy;

Citation:

Hardymon, G. Felda, and Ann Leamon. "Vignette: Waiting for a CEO." Harvard Business School Case 805-135, March 2005.