Founderectomy at Blog Software Firm
MarketWatch: Movable Type CEO replaced
Moveable Type, the blog software company, conducted a founderectomy, replacing young CEO Mena Trott with old board member Barak Berkowitz. Trott had resisted the board's recommendations to expand the staff, and found the company increasingly over-worked. In her weblog entry on the issue, she said she had become "burned out emotionally," and wanted to bring in more experienced management to help the company succeed.