A Deep Dive on Firing Executives

At scaling companies. navigating parting ways with an executive requires finesse, strategic insights, and insider experience. Run The Numbers podcast invited Kelli and Nolan to break down every facet, lever, and little known facts behind successfully exiting execs. Its a great conversation - Kelli and Nolan have seen it all and break down termination packages, terms like double trigger and garden leave, exec pay parity, and how to fire CEOs. Definitely check out Run The Numbers! Listen wherever you get your podcasts: https://link.chtbl.com/runthenumbers

HR Heretics is part of the Turpentine podcast network. Learn more: www.turpentine.co

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SPONSORS: Lattice | Continuum

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RECOMMENDED PODCAST: Run The Numbers

Definitely check out Run The Numbers! Listen wherever you get your podcasts: https://link.chtbl.com/runthenumbers

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KEEP UP WITH NOLAN, KELLI , and CJ

Nolan: https://www.linkedin.com/in/nolan-church/

Kelli: https://www.linkedin.com/in/kellidragovich/

CJ: https://www.linkedin.com/in/cj-gustafson-13140948/

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TIMESTAMPS:

(00:00) Intro

(02:08) Exec Departures

(03:47) How the Decision-Making Process Happens in Executive Departures

(04:49) The Continuum of Executive Departures

(05:57) The Ideal Scenario

(06:42) The Challenges of Replacing Executives

(09:03) The Compensation Aspect of Executive Departures

(10:59) The Controversy Around Executive Severance Packages

(16:06) The Biggest Golden Parachute

(22:11) The Concept of Garden Leave

(23:40) Understanding Single Trigger vs Double Trigger Clauses

(25:41) Understanding the Double Trigger

(26:03) Kelli's Experience with Double Trigger at Looker

(27:12) Sponsors: Lattice | Continuum

(28:57) Common Positions to Get Axed

(29:30) The Importance of Parity Among Executives

(31:30) The Role of Employment Agreements

(39:22) The Process of Firing a CEO

(45:45) How to Handle Being Fired as an Executive