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