I founded a mobile application company with 3 other people, three of us took 10% while one took 70% and the title of CEO. We were ok with this because it was his idea and he had the connections to get us funding initially.
Now a year later I am running the company in almost every regard except marketing and fundraising. Our CEO who is generally unfit for his job is now a detriment to the company (everyone who works with us or has worked with us agrees). If he left "peacefully" I could easily continue running the company and I would have the burden lifted of having to go through him day-to-day. If I left the company it would likely implode within a week if not sooner (this is a vital point and not an exaggeration, we are a small team and I run most technical parts of the company that no one understands).
What are my options in order to get the CEO out of day-to-day operations? He can keep his % or something close, but he is destroying our company by acting as its leader when he is clearly unfit. He doesn't realize he is hindering progress overall (doubt he ever could, he believes we have gotten this far because of his leadership and organization) but he does realize I am essential to the company moving forward.
It has gotten to this point because I have enabled him, I want the best for the company so I have given him the tools and knowledge to lead us this far. If I stop helping things fall apart, I am to blame and my work goes down the drain.
I have contemplated leaving many times to focus my efforts elsewhere, but friends and family are invested in our product and if we succeed I believe it will be a very worthwhile venture even if I need to put up with the CEO in some way.
Edit: I should have specified that our marketing consists of poor/ineffective social media marketing and our fundraising was brought in equally from friends and family. If our CEO was doing a fantastic job in those two areas, I probably would not be here.