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/runthenumbersHR Heretics is part of the Turpentine podcast network. Learn more: www.turpentine.co--SPONSORS: Lattice | Continuum✅ Discover HR software that drives performance with Lattice: https://www.lattice.com/hrhereticsHigh performance and great culture should never be at odds; they’re better together. With Lattice People Management Platform, companies efficiently run people programs that create enviable cultures where employees want to do their best work. Serving 1000s of customers of all sizes. Learn why companies from Slack to the LA Dodgers choose Lattice. https://www.lattice.com/hrheretics✅ Hire Fractional Executives with Continuum using this link: https://bit.ly/40hlRa9Have you ever had a negative experience hiring executives? Continuum connects executives and senior operators to venture-backed tech companies for fractional and full-time roles. You can post any executive-level role to Continuum’s marketplace and search through our database of world-class, vetted leaders. There is no hidden cost, you only pay the person you hire. And you can cancel at any time. www.Joincontinuum.com–RECOMMENDED PODCAST: Run The NumbersDefinitely check out Run The Numbers! Listen wherever you get your podcasts: https://link.chtbl.com/runthenumbers–KEEP UP WITH NOLAN, KELLI , and CJNolan: https://www.linkedin.com/in/nolan-church/Kelli: https://www.linkedin.com/in/kellidragovich/CJ: https://www.linkedin.com/in/cj-gustafson-13140948/–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 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com