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TikTok parent company's CEO resigns to 'daydream'
The reason behind the resignation was the fact that he felt he did not have the right managerial skills to handle the position.
Recently, Zhang Yiming, who is the CEO of TikTok named 'ByteDance' resigned so that he could give more time to 'read' and 'daydream' in general.
The company was founded by Yiming in 2012. The reason behind the resignation was the fact that he felt he did not have the right managerial skills to handle the position.
Not just that, he also felt that he will have enough time to spend some time alone to do the things he loves as well, which involves reading and the good old 'daydreaming.'
In a letter he wrote to his staff, he said, "The truth is, I lack some of the skills that make an ideal manager. I'm more interested in analyzing organizational and market principles, rather than actually managing people. Similarly, I'm not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what could be possible."
Speaking of 'daydreaming,' Yiming elaborates that he does not mean to talk about the negative context of the same. He says, "I like to think about possibilities that are still just that: Possibilities. For a long time, I've put my online status as 'Daydreaming.' What I mean is that I'm not zoning out, but rather I'm thinking about possibilities that people might just think they are fantasy."
Being the CEO of the parent company that created the widely popular video-sharing company has its pros and cons. The former is obviously the money, which is $44 billion net worth that he will take with him. However, he further elucidated in the letter that he fell behind on the technical knowledge that was needed when he took up the responsibilities of taking up such a big position in the company.
Zhang Yiming will pass on the baton to Liang Rubo, who is the fellow founder of 'ByteDance.' He will leave by the end of the year. Currently, Rubo is the head of the human resources of the company.