{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Eric Chriss: Managing Succession with Life Insurance as a Form of Stock Options","description":"About Eric Chriss: As the CUSTOMatrix Founder and CEO, Eric Chriss\u2019 dynamic, direct and innovative leadership guides their Executive Services Division. A nationally recognized trailblazer in the executive leadership and management field, Eric pioneered the CFO practice model \u2013 a model that has taken on national scope and is recognized as a best practice within the financial leadership arena. Deeply committed to understanding the root of client needs and dilemmas, Eric\u2019s down-to-earth and upfront style blends with a successful track record in executive management. In building CUSTOMatrix from the ground up, he\u2019s developed numerous programs for the firm in addition to generating business development strategies with banks, private equity groups, and venture capital. Eric also focuses on partner recruitment, international business development and media campaigns to build engagement with and awareness of the firm\u2019s brand. &amp;nbsp; In this episode, Jordan and Eric discuss:   Managing Succession Risk&amp;nbsp;   An Executive Roundtable   Using whole life insurance in a manner like stock options    Key Takeaways   Using insurance mechanisms can help business owners address key employee risk and succession planning challenges. It creates a unique incentive that protects the organization while also creating resources for the key employee who\u2019s next in line to purchase the business.&amp;nbsp;   An Executive Roundtable is an approach to evaluate the true efficacy of a CFO consulting engagement.   Create space in your organization to allow the CEO and their team to discuss issues with bare honesty. Being accountable to each other will hurt, but when things get difficult or painful it is usually a sign that you are going in the right direction.&amp;nbsp;    \u201cIt hurts to be accountable. And if it hurts, then you're probably - not always - but you're probably doing the right thing, or at least headed in the right direction.\u201d \u2014&amp;nbsp; Eric Chriss &amp;nbsp; &amp;nbsp; Connect with Eric Chriss:&amp;nbsp;&amp;nbsp; LinkedIn: https:\/\/www.linkedin.com\/in\/ericchriss\/&amp;nbsp; Website: www.customatrix.com&amp;nbsp; Email: echriss@customatrix.com&amp;nbsp; &amp;nbsp; Connect with Jordan:&amp;nbsp; For executives wanting a complimentary executive coaching conversation: jordan@jordangoldrich.com&amp;nbsp; Website: www.workplacewarriorinc.com Twitter: https:\/\/twitter.com\/jordangoldrich1 Facebook: https:\/\/www.facebook.com\/jordan.goldrich Instagram: https:\/\/www.instagram.com\/jordangoldrich\/ LinkedIn: https:\/\/www.linkedin.com\/in\/jgoldrich\/ ","author_name":"Workplace Warrior\u00ae","author_url":"https:\/\/www.workplacewarriorinc.com\/workplace-warrior-podcast","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/29327038\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/165813308"}