Wily Technology Article Example | Topics and Well Written Essays - 500 words

Wily Technology - Article Example It was decided that total of $2million would be invested by the two parties for 33% of Wily and each party would contribute $600,000 of $2 million. However later the investor of small institution got to the back foot. Cirne acquired an office of 2000 square feet and started hiring. Cirne has been an active leader and has performed exceptionally well as a CEO. In searching for CEO, Cirne and the board took a lot of time, thinking, evaluating and implementing various approaches. Every approach was different from one another, and there were some disagreements also between Cirne and the board including Strohm. Wily first included senior managers to bring some candidates for the post of CEO; however, Cirne was not happy and comfortable after interviewing the candidates. After that Cirne came up with the idea of evaluating the existing candidates in Wily and suggested some names which Strohm rejected. The search process was quite long and included many people as the process was growing. After the long process, it was decided to engage another search firm. However, Cirne was not comfortable with any candidate during the process of search. He had a fear of selecting any candidate because he thought the candidates would not fit to the culture of the firm. He was worried and extremely cautious during the search process. Cirne should not be part of the search process because of his fear. He found negative points in every individual and was uncomfortable, because of Cirne the search process also got lengthy. Lew Cirne should not accept the request of Williams to step down from the position of Chairman. Remaining at chairman position, Wily could be more successful because all the individuals, members, technologies were introduced by Cirne at Wily. Cirne knows all individuals and the culture of the organization. After making so many efforts for the success of Wily Cirne could not afford to step down. Stepping down means that the new CEO and VC Strohm would