"Dissecting Compensation - A Primer on Understanding, Negotiating and Managing Pay"

A CMO Confidential Interview with Richard Sanderson, the Marketing, Sales, and Communications Practice Leader at Spencer Stuart. Richard starts with the basics of salary, bonus and equity and branches out to compensation mix, the various types of equity, negotiating best practices, and the "other" elements of an offer. Key topics include: why the devil is in the details; when and how to discuss compensation; the difference between dumb luck and bad luck; and why everyone should do a "multi-year cash flow analysis." Tune in to hear why you should always read the proxy statement and the importance of being prepared to explain how you are using AI.

In Part 2, host Mike Linton sits back down with Spencer Stuart Practice Leader Richard Sanderson to get tactical about comp negotiations, severance, equity, and managing your team through pay anxiety. If you’re a CMO (or headed there), this episode is your field guide to securing a fair offer and stewarding compensation conversations with your org.

Points of interest:

• Your moment of maximum leverage: why the verbal offer is the prime time to align on comp—and how to use that window without damaging trust.

• How different companies negotiate: spotting “full & fair” one-shot offers vs. multi-round negotiators—and how to work the process with your recruiter as a broker to keep heat and emotion out.

• Beyond base and bonus: what’s often negotiable (e.g., severance, sign-on/bridge, relocation, start date, work location, travel, even one-offs) and how to prioritize your asks.

• Severance norms & timing: what policies typically look like (e.g., 6–12 months in many cases), when to ask, and why it’s safest through the recruiter.

• Feeling underpaid? Building a data-backed case with market signals, peer benchmarks, recruiter insight—and how proxy statements can ground internal conversations.

• Underwater equity & team morale: acknowledging pain, reframing to a long-term vision, and understanding annual equity refresh dynamics (timing matters).

• Do the 5-year cash-flow analysis: compare current state vs. new offer (vesting, cliffs, bridge needs) so you don’t get surprised in Year 1–2.

• Today’s relocation reality: mortgage-rate math and why moves can be financially punitive—plan your package accordingly.

• Offer etiquette & reputation risk: why turning down a written offer is a red flag on process—and why reneging after signing can follow you.

• Be ready for the AI question: every senior marketing interview now probes AI use cases, impact, and CFO alignment—have crisp examples.

Sponsored by Quad

Marketing only works when everything works together. Quad helps your marketing machine run with less friction and smarter integration—so you get speed, efficiency, and ROI. Better marketing is built on Quad. See how better gets done at www.quad.com/buildbetter.

If you missed Part 1, go watch that next—then subscribe for weekly conversations with leaders who’ve sat in the CMO chair.

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A CMO Confidential Interview with Richard Sanderson, the Marketing, Sales, and Communications Practice Leader at Spencer Stuart. Richard starts with the basics of salary, bonus and equity and branches out to compensation mix, the various types of equity, negotiating best practices, and the "other" elements of an offer. Key topics include: why the devil is in the details; when and how to discuss compensation; the difference between dumb luck and bad luck; and why everyone should do a "multi-year cash flow analysis." Tune in to hear why you should always read the proxy statement and the importance of being prepared to explain how you are using AI.

What should CMOs (and aspiring CMOs) know about salary, bonus, and equity—and how do you actually negotiate it? Mike Linton sits down with Richard Sanderson, Practice Leader at Spencer Stuart, to demystify executive compensation for marketing leaders. They cover base pay vs. bonus, RSUs vs. options vs. PSUs, vesting mechanics, event-based triggers, how and when to negotiate, and what new pay-equity laws mean for candidates. Real talk on forfeitures, bonus history, and why your “one big ask” matters when the offer finally comes.

What we cover

• Why CMO pay data is scarce (and what that means for “market rate”)

• Compensation mix: public vs. private/PE, U.S. vs. Europe, and “CMO+” roles

• Equity 101: RSUs, options (strike prices/underwater risk), and PSUs (accelerators/decelerators)

• Vesting models: time-, performance-, and event-based—and what you can/can’t negotiate

• Bonuses: how targets are set, why they’re harder to move, and the 3-year payout history test

• Negotiation timing: expectation-setting, handling the “what are your expectations?” question, and using information asymmetry to your advantage

• Pay-equity & transparency laws: what recruiters can ask (expectations) vs. can’t (history), and how to discuss forfeitures

• Offer strategy: why you typically get one high-leverage counter—and how to use it

Sponsor

@quadgraphics — Better marketing is built on Quad. When everything in your marketing machine works together, efficiency, speed, and ROI go up. See how better gets done: www.quad.com/buildbetter

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A CMO Confidential Interview with Dwight Hutchins, Senior Managing Director of Boston Consulting Group (BCG) and a Northwestern Adjunct Professor, previously Managing Director at Accenture focused on Consumer Products, Health Care and Public Service. Dwight shares his thinking on why marketers should be prepared to reduce expenses and shift resources into a re-imagined future versus incrementally evolving spend and structure. Key topics include: his belief that the complexity of marketing has resulted in many instances of wasted spending; the importance of "unaided first brand response;" why it's important to be "ahead of the expense reduction game;" and how to focus on working versus non-working dollars. Tune in to hear how about reducing $1B in spend to fund new initiatives and a "wild west" story about a battery on-pack promotion.

The Fine Art of Reducing Marketing Expense in an AI World

This week on CMO Confidential, Mike Linton sits down with Dwight Hutchins—Senior Partner & Managing Director at Boston Consulting Group and adjunct professor at Northwestern—to tackle the question every CMO hears from the CFO: “Keep the top line growing… and cut your budget.”

Dwight explains how to find waste without hurting performance, where AI actually improves efficiency (and where it doesn’t), how to test into cuts with confidence, and why many brands still miss “sufficiency” by spreading spend like peanut butter. We dig into frequency capping, working vs. non-working ratios, zero-based budgeting (used sanely), org design, insource vs. outsource, and a real-world case where a company freed up billions and redeployed it to growth channels. Stay for his “Wild West” in-store marketing story—complete with batteries taped to milk.

Sponsored by Typeface — the AI-native, agentic marketing platform that turns one idea into thousands of on-brand assets across channels, safely integrated with your MarTech stack. See how leaders like ASICS and Microsoft scale personalized content with Typeface.

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⏱️ Chapters

00:00 – Intro & guest: Dwight Hutchins (BCG)

02:05 – The market reality: uncertainty, shifting buyer values

06:10 – CFO pressure: “grow and cut” in the same breath

09:20 – AI spend vs. payoff: recalibrating expectations

12:25 – Media fragmentation & the “peanut butter” budget problem

15:55 – Where AI helps most: measurement, targeting, creative ops

19:10 – Forensic cuts case study: freeing up massive dollars

23:10 – Finding waste: frequency caps, ad length, quality controls

27:05 – “First Fast Response”: demand spaces & brand power

30:20 – Sufficiency & focus: stop starving campaigns

33:05 – Working vs. non-working: ratios that actually move results

35:20 – Zero-based budgeting (in moderation, with data)

37:10 – Org & ops: redesigning execution, in/outsourcing lines

38:55 – Fun story: the “batteries-on-milk” promo & promo ROI

40:00 – Final takeaways & sponsor

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A CMO Confidential Interview with Kate Bullis and David Wiser, Managing Partners and Global Marketing Practice Leaders for ZRG Partners. Kate and David translate their extensive search experience into a pre-game, game time, and post game look at the errors candidates make during the recruiting process. Key topics include: why thorough preparation includes self awareness, a "shopping list" and pattern recognition; how "playbooking," talking too much, and disengagement can doom your interview; and best practices for turning down an offer, handling a disappointment, negotiating an offer, and accepting the opportunity. Tune in to hear why you should never turn down a written offer and other things to avoid if you want to stay off of the search firm's "Do Not Call List."

What are the biggest mistakes CMOs make during the interview process?

This week on CMO Confidential, host Mike Linton sits down with Kate Bullis and David Wiser, Managing Partners at ZRG and two of the most experienced executive search leaders in marketing. Together, they break down the interview process into Pre-Game, Game Time, and Post-Game—sharing where CMOs most often stumble and how candidates can set themselves up for success.

If you’re a C-Suite executive, board member, or aspiring marketing leader, this episode delivers unfiltered insights into how top recruiters evaluate CMOs and what separates successful candidates from the rest.

Sponsored by @typefaceai — the generative AI platform helping the world’s biggest brands scale personalized marketing in hours, not months.

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⏱️ Chapters

00:00 – Welcome and introduction

03:15 – Why interviewing for a CMO role is uniquely challenging

07:40 – Pre-Game: Preparing beyond the résumé

13:05 – What search firms and boards are really looking for

17:50 – Game Time: How to manage the actual interview

23:30 – Mistakes CMOs make when telling their career story

29:10 – Post-Game: Following up and maintaining momentum

34:20 – The role of references and backchannel checks

37:50 – Final advice for candidates and boards

40:00 – Wrap-up and sponsor message

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📌 Tags

CMO Confidential, Mike Linton, Kate Bullis, David Wiser, ZRG Partners, CMO interview tips, marketing executive search, chief marketing officer, CMO mistakes, CMO hiring process, how to become a CMO, executive interview prep, board expectations for CMOs, marketing leadership, CMO role design, interview strategy, executive recruiters, marketing careers, marketing C-Suite, executive search firms, leadership hiring

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A CMO Confidential Interview with Dr. Dan McCarthy, Professor of Marketing at Maryland and leading practitioner of Customer Lifetime Value. Dan shares insights from his privacy research based on Apple's "App Tracking Transparency" (ATT) initiative commonly known as "Ask App Not to Track" which include a significant impact on business results, a degradation of CAC, and a disproportionate hit to small companies. Key topics include: how the elimination of a Facebook customer ID negatively impacted revenue, why averaging marketing results can be a profit killer, and why analytical time frames matter. Tune in to hear updates on Dan's other research including Peloton, loyalty programs and "How everyone is cheating their way through college."

CMO Confidential: The Disparate Impact of Privacy Policy — with Dr. Dan McCarthy (UMD) on ATT, CLV & CAC

What happens to your revenue when attribution breaks? In this episode, 5x CMO Mike Linton sits down with Dr. Dan McCarthy (Professor of Marketing, University of Maryland; leading practitioner of Customer Lifetime Value) to unpack Apple’s App Tracking Transparency (ATT) and its ripple effects on marketing performance. Dan shares new research showing how the loss of a Facebook customer ID degraded click-through, CAC, and revenue—with disproportionate pain for smaller, Facebook-heavy brands.

We dig into why averages kill profit (stop using blended CAC/CLV!), how channel-specific, time-varying metrics drive smarter allocation, and the practical playbook for marketers in a post-IDFA world. Dan also updates us on his other research—Peloton, loyalty & subscription programs (DoorDash/Postmates), and the “everyone is cheating their way through college” debate and what it means for teaching and real-world readiness.

What you’ll learn

• How ATT broke cross-site attribution and raised CAC while lowering revenue yield

• Why small DTC brands took the biggest hit, and how (or if) they can recover

• The danger of blended CAC/CLV vs. channel-specific, time-varying metrics

• Subscription insights: novelty vs. maturity effects, and behavior after cancellation

• Action items to protect growth when signal quality declines

About our guest

Dr. Dan McCarthy is a professor at the University of Maryland (formerly Emory) and one of the foremost experts on CLV and customer-based corporate valuation. His work spans privacy’s impact on e-commerce, subscription economics, loyalty programs, and public-company customer metrics.

Sponsor: Typeface

Typeface helps the world’s biggest brands move from brief to fully personalized campaigns in hours, not months. With its agentic AI marketing platform, one campaign becomes thousands of on-brand experiences across ads, email, and video—with enterprise-grade security and seamless MarTech integrations. Learn more at typeface.ai/cmo.

Subscribe for more C-suite-level conversations every Tuesday, and catch our Friday newsletter with the top insights.

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00:00 – Intro & sponsor: Typeface AI

01:35 – Meet Dr. Dan McCarthy & ATT explained

05:00 – How ATT broke attribution and raised CAC

09:15 – Why small brands took the biggest revenue hit

13:30 – The danger of blended CAC & CLV averages

17:20 – Practical advice: channel-specific, time-varying metrics

21:00 – Updates on Peloton & subscription research

25:00 – The “everyone is cheating in college” debate

28:00 – Final advice: beware of irrational subscriptions

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CMO Confidential — “What Your CFO Wants to Tell You (But Won’t)” with CNA CFO Scott Lindquist

What does a great CFO really think about marketing? Mike Linton sits down with Scott Lindquist—CFO of CNA Financial and former long-time CFO of Farmers—to decode the finance side of brand building, performance spend, and the politics of the boardroom. They cover how CMOs should onboard a new CFO, why “marketing math” wins over skeptics, mistakes to avoid in board presentations, and how insurers used bold brand bets to become category killers.

What you’ll learn

• The four archetypes of CFOs—and how to work with each

• Why CFOs who are “joined at the hip” with the CEO think differently about growth

• How to explain cost of capital and present value like a marketer (and win budget)

• The insurance playbook: brand investment, DTC distribution, and lifetime value

• Why every large marketing org needs a Marketing CFO (and how to set it up)

• Boardroom pitfalls: jargon, 100-slide decks for 20 minutes, and “draining the slide”

• Practical tips for building trust: bring the data, surface bad news early, and speak in outcomes

Guest

Scott Lindquist — Chief Financial Officer, CNA Financial. Former CFO, Farmers Insurance. Started at PwC and has led finance through growth, turnarounds, and public-company scrutiny.

Host

Mike Linton — Former CMO of Best Buy, eBay, and Farmers; former CRO of Ancestry. Host of CMO Confidential, the #1 CMO show on YouTube.

Who should watch

CMOs, CEOs, CFOs, board members, founders, and marketing leaders who need tighter finance alignment and clearer ROI storytelling.

Brought to you by Typeface

Legacy marketing tools weren’t built for AI. Typeface is the first multimodal, agentic AI marketing platform that turns one idea into thousands of on-brand assets—across ads, email, and video—while integrating with your MarTech stack and meeting enterprise-grade security needs. See how brands like ASICS and Microsoft accelerate content at scale: typeface.ai/cmo.

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