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WotC President Cynthia Williams Resigns
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<blockquote data-quote="Juxtapozbliss" data-source="post: 9325396" data-attributes="member: 7042149"><p>I disagree that it's a tempest in a teapot. It's a sign that they did not follow best practices for an executive departure. Why did they not? Don't know, but it certainly makes me curious. An executive leaving on short notice can rattle the board, it can rattle the stock market (unless they want the person to leave). There should be processes in place to handle such a thing. Your boss quit and gave 2 weeks. He did not care about best practices for an executive departure. But that doesn't make it "normal" or typical. It means something interfered with a good process--in that particular case your former CEO for whatever reason needed/wanted to start their new position right away. At the executive level, leaving one company for another with short notice can be a mark against someone when they interview at future positions. It can hurt their reputation. Stability matters to corpos because it matters to the stock market.</p><p></p><p>Here are some best practices for a company president's departure:</p><p></p><p>Set a departure date</p><p>Let everyone know the departure date and why, so the company can make plans and have a replacement on schedule.</p><p></p><p>Agree to an orderly transition</p><p>The CEO and board should agree on the timing and financial terms of the transition.</p><p></p><p>Prepare a communications strategy</p><p>Management should be ready to explain the transition and answer questions from employees.</p><p></p><p>Keep the news among a small group</p><p>Prepare detailed messaging jointly and get it out to colleagues and the market before anyone else does.</p><p></p><p>Focus on day-to-day management</p><p>Let go of longer-term goals and focus on ensuring that things don't go wrong.</p><p></p><p>Champion the incoming leader</p><p>Publicly reassure staff members and emphasize continuity.</p><p></p><p>Have a handover period</p><p>Ideally spanning six to nine months, this period allows for a smooth transfer of knowledge and strategic relationships.</p><p></p><p>Cooperate with the company</p><p>The executive officer should agree to cooperate with the company after their departure.</p><p></p><p>Consider remaining as a consultant</p><p>This can ease the handoff to their successor</p></blockquote><p></p>
[QUOTE="Juxtapozbliss, post: 9325396, member: 7042149"] I disagree that it's a tempest in a teapot. It's a sign that they did not follow best practices for an executive departure. Why did they not? Don't know, but it certainly makes me curious. An executive leaving on short notice can rattle the board, it can rattle the stock market (unless they want the person to leave). There should be processes in place to handle such a thing. Your boss quit and gave 2 weeks. He did not care about best practices for an executive departure. But that doesn't make it "normal" or typical. It means something interfered with a good process--in that particular case your former CEO for whatever reason needed/wanted to start their new position right away. At the executive level, leaving one company for another with short notice can be a mark against someone when they interview at future positions. It can hurt their reputation. Stability matters to corpos because it matters to the stock market. Here are some best practices for a company president's departure: Set a departure date Let everyone know the departure date and why, so the company can make plans and have a replacement on schedule. Agree to an orderly transition The CEO and board should agree on the timing and financial terms of the transition. Prepare a communications strategy Management should be ready to explain the transition and answer questions from employees. Keep the news among a small group Prepare detailed messaging jointly and get it out to colleagues and the market before anyone else does. Focus on day-to-day management Let go of longer-term goals and focus on ensuring that things don't go wrong. Champion the incoming leader Publicly reassure staff members and emphasize continuity. Have a handover period Ideally spanning six to nine months, this period allows for a smooth transfer of knowledge and strategic relationships. Cooperate with the company The executive officer should agree to cooperate with the company after their departure. Consider remaining as a consultant This can ease the handoff to their successor [/QUOTE]
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