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Fortune
Fortune
Michael Sonnenfeldt

Ginsburg and Biden’s blind spot: when leaders don’t know when to leave

biden (Credit: Ron Sachs/CNP/Getty Images)

I have spent much of my working life among entrepreneurs and business leaders wrestling with a deceptively simple question: when is it time to let go? Twenty-seven years ago, I founded TIGER 21, the premier global peer network of some of the world’s most successful entrepreneurs and executives. I remain its non-executive Chairman, though 18 months ago I ceded control to a new owner, and now spend more of my time managing my own family office.

Over those years, I have watched extraordinary founders build remarkable organizations, and I have also watched some stay too long. Few decisions reveal more about a leader’s judgement than knowing when their continued presence strengthens an institution, and when it begins to weaken it. That same pattern appears far beyond business.

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