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Based on the direct reports despising him and wanting to leave, wouldn't you say it's time for him to go? If he's been like this for two years a weekend retreat won't fix things.

Explain to the board your position and go fix your company. He'll thank you for it later when his shares are worth something.

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I’ll echo this from the position of having been one of the direct reports under a person like this. He was eventually fired and replaced by the board, but not before costing us months pursuing what everyone knew was the wrong strategy, and costing us three excellent people who had enough and quit.

It’ll likely be painful and messy, but the best thing you can do is force him out in some way.

Neither one of us can be fired unfortunately. I would have done that already had it been an option.

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