Intro

This chapter explores the intricate dynamics of C-suite executive terminations, highlighting the crucial role of communication and preparation. It underscores the need for alignment through feedback conversations and the importance of respect and support from board members during transitions.

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Episode notes

Over the next few weeks, we're bringing you some Heretics 101 content - important refreshers on taboo topics that are core to navigating the CPO seat.

For today’s episode, we're revisiting an early conversation about how to fire C-suite executives that we had with CJ Gustafson from the Run the Numbers podcast. If you're in this business long enough, you're either going to have to fire an executive, or you're going to be the one getting fired. That's just reality. What started as a simple question turned into one of our most candid discussions about severance packages, golden parachutes, and layering.

*Email us your questions or topics for Kelli & Nolan: hrheretics@turpentine.co

For coaching and advising inquire at https://kellidragovich.com/

HR Heretics is a podcast from Turpentine.

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KEEP UP WITH CJ, NOLAN + KELLI ON LINKEDIN

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

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

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

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TIMESTAMPS:

(00:00) Intro

(00:52) The First Steps: When to Exit a C-Suite Executive

(02:46) Decision vs. Discussion: Framing the Conversation

(05:29) The Fourth Scenario: Growth Outpacing Talent

(08:04) Compensation: The Spicy Details

(10:36) Pre-Negotiated Severance: Red Flag or Smart Move?