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:
- The executive’s direct reports – because they’ll be the most impacted.
- The other members of your staff – because they’ll need to answer questions about it.
- 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.