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Topic for discussion: Who did Kim look for
to take over his job which was running the company day-to-day?
Answer: He looked for a person who was
already doing what Kim imagined the job would be like in Biosite's future. He
hired a person who was running a $200 million dollar healthcare operation.
Biosite was no where near that size but Kim leaned into the future and expected
success and wanted a leader in place who could guide everyone through growing
pains.
The
week before Kim took to the road to raise money, Tom Watlington, from the
multi-billion dollar German firm, Boehringer Ingelheim, joined Biosite. He was
running its diabetes division which generated $150-$200 million in annual
sales.
You think about
it: What keeps you from passing the torch? Do you have someone you are
training that can move into your place soon? Are you nervous that, if you pass
the torch, you won't have anything to do? Do you think your life might feel
empty if you didn't have to be in the office everyday?
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