Lemon #46. Preparing to fire an executive (3rd part)

Lemon #46. Preparing to an executive (3rd part)

While reading ‘The hard thing about hard things’ from Ben Horowitz, we learned about how to fire an executive: 

  • Step 4: Preparing the company communication

After you have informed the executive, you must quickly update the company and your staff on the change. The correct order is: 

  1. The executive’s direct reports – because they’ll be the most impacted.
  2. The other members of your staff – because they’ll need to answer questions about it. 
  3. The rest of the company.

All of these communications should happen on the same day and preferably within a couple of hours. 

Generally, it’s smart for the CEO to act in the executive role in the meanwhile. If you act in the role, you must really act – staff meetings, one-on-ones, objective setting, etc. Doing so will provide excellent continuity for the team and greatly inform your thinking on whom to hire next. 

Every CEO likes to say she runs a great company. It’s hard to tell whether the claim is true until the company or the CEO has to do something really difficult. Firing an executive is a good test. 

Ben Horowitz @ The hard thing about hard things.

Jorge Moreno

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