It took Steve Jackson a day to become CEO again.

It took him nearly 17 months to stop.

Jackson founded Steve Jackson Games in 1980 and handed over the CEO job more than a decade ago.

Then, in April 2025, his CEO resigned. He wrote on the company blog: "This was not anticipated; when I get a plan, I'll share…. I had my first cataract procedure yesterday, and survived,"

And: "For right now, everyone who was reporting to her will be reporting to me."

Not an ideal scenario.

And it took until September 2026 to appoint a new CEO.

It's a pattern I see a lot in owner-led businesses. The owner steps back and the dependency moves to one other person. When that person goes, everything rolls back uphill.

A handover only counts if it survives the person you handed to.

So ask yourself:

If your MD resigned tomorrow, who would their team report to on Monday?

And if the answer is you - how far back have you really stepped?

View this post on LinkedIn

By Gavin Gibbons Get the newsletter