Big Red Car here waiting for Saturday and the Final Four contests. OK, but I am getting a lot of questions about all things pertinent to a Board of Directors and how to run board meetings and how to deal with board members.
We’ve talked about this before, so let me give you some frames of reference.
Know that I’ve stolen all of this from The Boss who had a lot of boards, board members, and board meetings in thirty-three years of CEOing.
Here it is for your use.
This post was made four years ago and is still relevant today. If you are a CEO, you need an Employment Agreement. Get one and consider the following information when you do.
Here are some blog posts on the issue of C Level Employment Agreements. Click on each link to read the pertinent blog post.
The Design of Compensation Packages for C Level Execs and Senior Management
C Level Employment Agreement Provisions
C Level Employment Agreement — Position
C Level Employment Agreement — Salary
C Level Employment Agreement — Benefits
C Level Employment Agreement — Short Term Incentive Compensation
C Level Employment Agreement — Long Term Incentive Compensation
C Level Employment Agreement — Compensation, Something Special
C Level Employment Agreement — Managing the At Will Employee Relationship
C Level Employment Agreement — Termination
C Level Employment Agreement — Severance Package
C Level Employment Agreement — Change of Control Provision
C Level Employment Agreement — Parting Shots
You can do this. I’m counting on you. But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.
Big Red Car here in the ATX during SXSW, Texas bluebonnets, azaleas blooming, March Madness, and a bit of spring skiing? Is this a great country — Texas, I mean — or what?
Bluebonnets and Indian paintbrush co-existing in the Hill Country west of Fredericksburg. Peak bluebonnet is a few days away.
OK, so The Boss is talking to a youngish CEO.
“I may not be cut out to be a CEO,” says the youngish CEO. “Maybe, I’m just not CEO material.”
This CEO is actually quite brilliant but the CEO-ing gig is kicking his ass right now.
The Boss listens. A lot of dealing with momentarily troubled CEOs is letting the poison out and that requires a lot of listening. Sometimes, they need to be talked in off the ledge.
Big Red Car here in the ATX feeling a little cloudy — ooops, that’s the weather. Me, I feel marvelous. Let’s talk about the first time CEO, shall we?
So, I catch The Boss talking to a pal the other day. They were Second Lieutenants in a combat engineer unit in the Republic of Korea back in the early 1970s.
The proper young lieutenant, having just landed in a rice paddy fertilized with “night soil.” If you recognize those “soiled” boots as Corcoran Jump Boots, then you have a sharp eye. Stroke of good luck, landing standing up, because of the aforenoted night soil.
It was a dicey time and they were both platoon leaders. Both of them would end up as Captains within 18-24 months, which was pretty damn fast even for those days.
“So, when did you first think you knew what you were doing?” asked The Boss’s compadre.
“I’ll get back to you when that happens.”
They laughed.
Explorers, Big Red Car?
Big Red Car here. Bit cloudy in the ATX but it is still On Earth As It Is In Texas!
So, The Boss is talking to a CEO about his approach to managing change and growing his company.
The Boss says, “Think of yourself as an explorer.”
The CEO sayeth, “WTF are you talking about?”
Finish strong, Big Red? [I like calling you Big Red rather than Big Red Car, seems so much more familiar and folksy, no?]
Big Red Car here on the strength of a trip to NYC to conduct recon on the comings and goings of our nation’s first capital. You did know that, right? NYC was our first capital.
So, The Boss is talking to several CEOs — brilliant persons all — and I (eavesdropper that I am) overhear a common lament: CEOs are struggling to find the finish line in the development of their products. This happens across the board whether it is a bit of software alchemy or a website or a product. Or, even, an organizational development, like hiring some more salespersons.
You have to force a finish line and you have to finish strong.
Big Red Car, can you ‘splain that, please?
Budgets. Nothing says the holidays are coming like budgets. Budgets make the world go around.
Big Red Car here on a lovely, sunny Monday in the ATX. Ahhh, on Earth as it is in Texas!
So, the election has everybody off their schedule with their lamentations and celebrating.
But, what are you supposed to be doing, y’all?
Of course, you know, you’re supposed to be finalizing your 2017 budgets, Ms. Startup CEO.
Smart CEOs and the Big Red Care here in the glorious ATX — on Earth as it is in Texas!
So, The Boss is talking to several of his brilliant CEOs and comes up with a common lament.
They’re too damn smart for their own good. How so, Big Red Car, you ask? May I ‘splain it to y’all?
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