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> The CEO has legal rights

I don't think that anything in the law says that if your title is "CEO", then you can fire cofounders. I'm guessing it depends on the contract the cofounders sign in the beginning.

> often with the board on their side

I have seen the CTO convince the board to fire his cofounder who was more the CEO? Well I don't know if the titles were written in the contracts, they changed over the years. But the guy who got his cofounder fired went from calling himself CTO to calling himself co-CEO to getting his "buddy" fired.



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