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Founders of well run companies tend not to believe in luck. Commercial success to them comes from hard work and smart thinking, usually from the founder. In time, some pass the management of their enterprises on to others, recognising a need for change. Narayana Murthy, chairman emeritus and co-founder of India’s Infosys, did just that in 2014, appointing Vishal Sikka as chief executive. It did not work out. Mr Sikka, the first boss from outside the outsourcing group, has resigned.

Mr Sikka has had a tough task changing a business that arbitrages the cost of tech workers in India for those in developed economies, primarily the US. He had some success diversifying into software services. But the bulk of the top line still comes from providing skilled, cheap Indian workers to cost-conscious tech companies.

Artificial intelligence is the category killer menacing that task. Robots can handle menial tasks such as data input at an hourly cost of less than $1, thinks Northern Trust Capital Markets. Even Infosys and Indian rivals such as Tata Consultancy Services cannot compete with that.

Displeased with Mr Sikka’s efforts and his slick US aura, Mr Murthy and other co-founders hounded him out. The shares fell 7 per cent. Investors fear a repeat of the lengthy row over the ousting of Cyrus Mistry at Tata Sons.

Founders do not easily let go, especially if they had a record of success. Travis Kalanick may yet return to run Uber, despite heavy losses. His scrappy ego appears to inspire the business, even though he is no longer chief executive. A $12bn fundraising will be structured to deter plausible claims the group’s value has fallen.

Some founders do manage to let go. Google’s Sergey Brin and Larry Page stepped back and let Eric Schmidt get on with it. But this looks like an exception to the rule. Founders whose career arcs have convinced them they always know best are a menace to career managers and investors alike.

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