EP 48: Sacking the CEO

An episode of the Best Practices in Human Resources podcast, hosted by Brenda Neckvatal, titled "EP 48: Sacking the CEO" was published on February 19, 2020 and runs 32 minutes.

February 19, 2020 ·32m · Best Practices in Human Resources

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Summary

What if I gave you a behind the scenes look at everything that goes into terminating a CEO? Well, in this episode, that’s exactly what I’m going to do! In this episode, I’m giving you a little sneak peek of what the Board of Directors must consider when terminating a CEO with or without cause, why reviewing the employment agreement is critical, how they come up with crazy big severance packages, and how you tell your employees you just sacked the CEO. It’s a straight forward rundown of the complex separation process between the company and the CEO, as well as looking at some notable terminations in 2019. Today’s Q & A is from a member in our Next Gen Women in HR Facebook Group and is based on an article I posted on LinkedIn last week. The article discussed the recently enacted New Jersey law, which is first of its kind in the nation, requiring employers to guarantee severance pay after mass layoffs (click here to read it yourself). Now, be sure to head to our Next Gen Women in HR Facebook Group, join in the conversation, andask your #brendathehrlady questions! I can’t wait to hear them. Announcements In this week’s episode, we have some free and paid events coming up : · Friday February 21st: How to Make the Most of the SHRM Conference (Facebook Group) · Wednesday March 4th: Common Expensive I-9 Mistakes (Facebook Group) · Wednesday March 18th: Live Workshop in Virginia Beach: The Heartbreak of Office Romance (Tickets on sale now) · Monday March 23rd: Open Q&A (Facebook Group) · Wednesday March 25th: Webinar - The Heartbreak of Office Romance (Tickets on sale now) Click to link to the Next Gen Women in Facebook Group, invest in yourself on The Next Gen Women in HR Membership Site, and stay connected with interesting tips and tricks in the HR world by getting my best practices delivered to your inbox. Also, don’t hesitate to submit your HR question and I may read it on an upcoming episode. Subscribe & Review in iTunes Are you subscribed to my podcast? If you’re not, I want to encourage you to do that because I don’t want you to miss an episode. I’m adding a bunch of new guests to this year’s lineup and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes! Now if you’re feeling extra loving, I would be really grateful if you left me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!

Episode Description

What if I gave you a behind the scenes look at everything that goes into terminating a CEO?

Well, in this episode, that’s exactly what I’m going to do!

In this episode, I’m giving you a little sneak peek of what the Board of Directors must consider when terminating a CEO with or without cause, why reviewing the employment agreement is critical, how they come up with crazy big severance packages, and how you tell your employees you just sacked the CEO.

It’s a straight forward rundown of the complex separation process between the company and the CEO, as well as looking at some notable terminations in 2019.

Today’s Q & A is from a member in our Next Gen Women in HR Facebook Group and is based on an article I posted on LinkedIn last week. The article discussed the recently enacted New Jersey law, which is first of its kind in the nation, requiring employers to guarantee severance pay after mass layoffs (click here to read it yourself).

Now, be sure to head to our Next Gen Women in HR Facebook Group, join in the conversation, andask your #brendathehrlady questions! I can’t wait to hear them.

Announcements

In this week’s episode, we have some free and paid events coming up :

· Friday February 21st: How to Make the Most of the SHRM Conference (Facebook Group)

· Wednesday March 4th: Common Expensive I-9 Mistakes (Facebook Group)

· Wednesday March 18th: Live Workshop in Virginia Beach: The Heartbreak of Office Romance (Tickets on sale now)

· Monday March 23rd: Open Q&A (Facebook Group)

· Wednesday March 25th: Webinar - The Heartbreak of Office Romance (Tickets on sale now)

Click to link to the Next Gen Women in Facebook Group, invest in yourself on The Next Gen Women in HR Membership Site, and stay connected with interesting tips and tricks in the HR world by getting my best practices delivered to your inbox.

Also, don’t hesitate to submit your HR question and I may read it on an upcoming episode.

Subscribe & Review in iTunes

Are you subscribed to my podcast? If you’re not, I want to encourage you to do that because I don’t want you to miss an episode. I’m adding a bunch of new guests to this year’s lineup and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!

Now if you’re feeling extra loving, I would be really grateful if you left me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!