For Immediate Release:
Trachtman Commits to Scribing Book about The Dirty Secrets of Succeeding Company Founders
Why this process often goes awry
September 11, 2014
Annapolis, MD – Les Trachtman, most recently CEO of Crofton, Maryland-based Force 3, Inc. is writing his long awaited book on the dirty secrets of company founder succession. He recently launched a Kickstarter campaign in which he committed to a Fall 2015 delivery date for the book. The book is entitled: FOUNDed.
“The topic – at least the truth – about how founders get replaced and why many of these successions fail is not often talked about. But every company has a founder and many of the more successful ones ultimately get replaced, sometimes more than once. How, when, and by whom they get replaced can be the difference between wealth and failure,” Trachtman said. “I’ve now done this five separate times, sit on the board of a third generation family company, and have talked to hundreds of founders and CEOs who succeeded them. I feel compelled to share this knowledge to enable founders, boards, investors, and professional CEOs how to increase their odds of doing this well."
The recent return of Michael Bloomberg to his eponymous company and the ensuing departure of the current CEO, Daniel Doctoroff, recently has again focused international attention on the company founder-successor issue. Trachtman’s experience is dead on when it comes to these kinds of topics.
The book with chapter titles including: The Emperor Has No Clothes, Doing the Dirty Work, Family Matters, Can’t Anybody Here Play this game, and Try Before You Buy is bound to be a fun and compelling tale of Trachtman’s advice intertwined among his real-life stories and anecdotes of the good and the bad that he has experienced.
FOUNDed. is due out in Fall 2015. Pre-orders, as well as author-inscribed copies are available on Kickstarter until October 31, 2014.
About Les Trachtman
Les Trachtman is the majority shareholder of Purview, LLC, an entrepreneurial endeavor focused on disrupting the business of medical imaging. Prior to that Les served in a serial progression as CEO of five ventures in each replacing the founder/CEO. Force 3, Active Endpoints, e-OneHundred Group, Transcentive and Metaserver, He’s led corporate development for Progress Software (PRGS) and Hyperion Solutions. Les serves on the board of directors of The Metro Group, where he is the sole non-family board member of a 90-year-old family corporation and serves as the Entrepreneur in Residence at Union College. Les received a BS in Electrical Engineering from Union College and a JD and MBA from Emory University.
To learn more about this book go to:
For more information contact Les Trachtman