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Denise Karkos
Chief Marketing Officer, Sirius XM

SiriusXM CMO Denise Karkos shares how to coach confidence

🎥 Feb 22, 2023 📺 CorporateCompetitorPodcast ⏱ 44m
Ep. 134: Notre Dame Soccer Captain and Ad Age CMO of the Year encourages you to keep a “happy folder” of nice notes and projects you are proud of so that when you exerpience low points you can revisit the folder and get a little boost. Our BONUS RESOURCE for this episode is “Build Trustworthy Relationships” which includes fill-in-the-blank notes and reflection questions for this episode. Click here to download the bonus resource. Bring Don Yaeger’s inspiration and tools for culture transformation to your team! Connect with us here. Special thanks to Haley Rose and Samantha Clark f...
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About Denise Karkos

Denise Karkos, chief marketing officer of SiriusXM, appeared on the "Corporate Competitor" podcast in February 2023, where she discussed her leadership philosophy and the lessons she learned as captain of the Notre Dame soccer team. Karkos emphasized the importance of building relationships over resumes, stating that every job she has had since her early career has been based on connections. She advised listeners to "take people to lunch, take people to coffee — ask them about them, don't try to spend all that time talking about you." Karkos also described her approach to merging SiriusXM and Pandora as "a large task to take two cultures, two companies, two marketing departments and merge the teams together." Karkos shared several strategies for building confidence, including keeping a "happy folder" of positive notes and accomplishments to revisit during low points. She recommended defining a win for oneself and one's team, socializing a project, and being able to point to tangible results as a confidence builder. On the topic of feedback, Karkos said, "Feedback is the breakfast of champions," and advised being "observant, be vulnerable, and then seek specific feedback that you can apply immediately." She also discussed the importance of being accountable to every dollar spent and communicating effectively during organizational change, noting that "communication is everything; you cannot communicate enough and you have to be physically present and empathetic through the change."

Source: AI-verified profile updated from Denise Karkos's recent appearances. Browse all interviews →

Transcript (15 segments)
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Don Yeager0:12
For both men and women, Ernst & Young found that a whopping 94% of women holding a C-suite position played sports. Their wins and losses shaped their habits and who they would become. Join me on my journey to sit with some of the brightest executives in the world as we discuss how sports shape their professional trajectory. In partnership with Chief Executive magazine, the voice of America's CEO community. I'm your host Don Yeager and this is Corporate Competitor Podcast.
With me for today's episode is the chief marketing officer of Sirius XM, Denise Karkos. Denise was a captain of the soccer team at Notre Dame. To her leadership, Denise believes that you should put as much effort into building relationships as you do your work. A perfect example of that is exactly how we got her on this show. Our mutual friend Carlos Kata at Caldwell connected us, and I am so excited for the opportunity to learn from Denise today. As always, remember to visit corporatecompetitorpodcast.com or click the link in our show notes to download the fill-in-the-blank notes we put together for you. You always have 10 minutes left. The Cooper test was something we ran. The men had around two miles in 14 minutes. Limits? You have no idea how far beyond those limits you can push them, but the bar resets.
Denise, thanks so much for joining us.
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Denise Karkos2:22
Thanks so much for having me, Don.
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Don Yeager2:25
You know, I studied your success at Notre Dame. Captain of the soccer team. You learned how to win, you learned how to handle the field, learned all those great lessons to be part of a team. But I've read that one of the things you say often is that one of the most important lessons you learned came from your first years in the workplace, where you learned the value of relationship.
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Denise Karkos2:49
Yeah, the very first job I got coming out of Notre Dame was working for an out-of-home media company. I'm going to say Notre Dame degree and you got to learn how to staple faster and staple better. I stapled like diagonally and my boss hated that and coached me on how to staple the way she wanted it. I remember those days in the bathroom just crying, getting beat down for a bad stapling job and not typing fast enough. But that was just a way to get my foot in the door, and that was the first and only time I actually used a resume and a temp agency to get a job. Every job I've had since then has been about relationships, not resumes. It's relationships. If you can build a group around you, people who want to help you with your pursuit and what's next... People are... beers, whatever it was, and let me understand what you do. Talk to me about you. Who doesn't want to indulge in that? Make it easy for them. I have a lot of friends who have children coming out of college and they don't know how to navigate it. Some show up super prepared, and those are the ones that I'm going to endorse and sponsor. And some show up looking for me to do the work. That's never going to benefit them. Serve it up, make it easy, make it about them, and build those relationships. That's a never-ending task. I still continue to spend a lot of energy there. And by doing that, I was able to spend a very short period of time in that job and move over within the company to a better job, and then ascending jobs from there.
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Don Yeager4:55
What a great takeaway right off the bat. One of the real important aspects of that was you trying to learn what made people tick, asking the right questions, and that's an art form.
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Denise Karkos5:20
Yeah, I think you come out of high school, you have your buddies, you go to college, you form your new groups there, and then all of a sudden you go into the business world and it's like square one again. How do I build my tribe? How do I really understand how people tick and how I can influence the things that I want to influence? It became for me a very important part of the equation to not just generalize and try to treat everyone the same and come at everybody as this extroverted body that is Denise. I got along with him, I had good meetings with him, but my gut told me that I probably wasn't like an A-player in his mind, and that's never going to suffice for me. So I watched who was very successful with him. Who was he saying, 'Hey, let's go and grab a bite at lunch and let's talk about the issues a little bit further'? Who's he wanting to spend time with? Whose office was he popping into? It wasn't mine. So I went to the person who was the beneficiary of that good relationship and said, 'I need to be a little vulnerable right now. I'm observant of how successful you are.' To honor gives specific feedback you can apply immediately. Denise, I think you were the person in front of the class raising your hand first, answering all the questions, and that got you so far. What is rewarded now, and definitely under this person, is asking the next five set of questions. He values deep thinkers, people who are curious. Next time he asks you something, ask three questions in return. I started doing it and everything changed. He saw me as an intellectually curious person rather than someone who's a tactical person answering the question the fastest. Be observant, be vulnerable, and then seek specific feedback that you can apply immediately.
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Don Yeager7:55
What you're teaching is that those who do it well get more opportunities to be mentored.
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Denise Karkos8:12
Couldn't agree more. It is a two-way relationship that both require work.
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Don Yeager8:19
What are some of the best things the mentees, the people that today you're getting a chance to help grow, that are allowing them to stick and become memorable for you?
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Denise Karkos8:33
It's so important that people are embracing who they are naturally, building your own personal brand and leaving a mark. When I talk to kids and try to understand how to best mentor them, what I really lean into with them is how they show up in that moment. I pick apart... Are they communicative? Are they passive? Are they introverted? All of these things can be wonderful traits, but own them. Own them specifically and know that this is the brand that you're going to build and work on. And when your name comes up on someone's phone, you never want to be the one that's like, 'Oh, this person's a pain in my...' If you can't get someone to answer your call or take a meeting, you're never going to advance. Being a natural extrovert, I was doing a pretty good job of alienating introverts around me. Wow, that is not a good thing, because what I really value is having introverts close to me because they're deep thinkers. My executive coach said, 'Denise, every time you get up in front of your team, you pull out the driver. Every now and then, a wedge is just fine. It's just fine.' I think about it all the time. So I'm very aware of showing up and matching the energy of the people around me so that I can create an environment for them where they can really shine. Be an introvert or an extrovert, that's the energy that people around you don't always pull out the driver.
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Don Yeager10:46
So executive coaching. As an athlete, you were coachable. That's one of the words that was used to describe you at Notre Dame. How have you developed that as an executive?
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Denise Karkos11:11
You're not always open to learning more about yourself as you evolve and how to fit in or decide to move on if someplace is not for you. I think that's critical to always be open to feedback. I've done that formally and informally. The formal track: an executive coach who has helped me originally to come on to help me really manage team presentations. How does my leadership team and I interact with each other? How do we get the most out of each other? Because through my career, I've had a lot of opportunity to merge teams from business acquisitions: TD Ameritrade and Scottrade, or TD Bank and Commerce Bank, or now Sirius XM and Pandora. I was massively observational about my leadership style. He was keeping notes and had some feedback for me that then began the personal executive coaching. He would come to my team meetings, he would come to my town halls, and he would give me feedback gems like the one I told you. We have a saying around our organization that feedback is the breakfast of champions.
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Don Yeager12:37
Sounds like you eat breakfast. I like that.