It always amazes me how you can convince a founder/CEO is not right man for the job, and slowly push him away. Companies that succeed are driven by burning vision, not by day-to-day operation people. It might make feel the companies run smoother for some time, but day-to-day executives are harmful to a company core vision leading to boring companies if they manage to sustain profitability in the long run at all.
Note: I'm not saying this is what's happening here, just responding to the general comment above.