ASK A BILLIONAIRE

WHAT’S THE BEST WAY TO FIRE SOMEONE? — @billcook212

Woodman started GoPro as a way to mix work with his love of surfing

PHOTOGRAPH BY MATHEW SCOTT FOR BLOOMBERG BUSINESSWEEK

Nick Woodman

Chief executive officer, GoPro

Net worth: $1.73 billion

That’s never easy. You have to be compassionate. But when you know it’s not working out, it’s best to take decisive action. The worst way to fire somebody is to let it drag on — that’s not good for the person, because they’re not succeeding in their role, and it’s not good for the organization. The leg bone’s connected to the knee bone, and if the knee is out, then the rest of the leg can’t really work very well. It’s amazing what a difference one person can make. The best way to fire someone? Quickly.

Submit your questions on Twitter with the hashtag #askabillionaire.

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