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A follow up to Coinbase being a mission focused company

blog.coinbase.com

81–90 of 774 posts

Re: A follow up to Coinbase being a mission focused company

#83
post #73

Honest gut impression - they were probably dead weight anyway? Talking politics at work rather than, you know, getting work done. I've certainly worked with a number of the type.

I highly doubt they walked in the door, spent 8 hours talking politics and collected their paychecks every month.

Re: A follow up to Coinbase being a mission focused company

#84

Earlier quoted context omitted.

Not using your business as a political platform is not the same as supporting the status quo. The "if you're not with us, you're against us" stance is definitely polarizing and is not making things better.

But Coinbase is using their business as a political platform[1]. [1] https://www.fec.gov/data/receipts/individual-contributions/?...

This is very interesting. The CEO said in his initial letter that Coinbase should only engage in politics that are relevant to their "core mission", but it's kind of interesting to reduce a candidate to "What can this candidate or party do specifically for our business?" and ignore other policies that a candidate or party may seek to enact.

Pretending that you're unaware of or completely ambivalent about the consequences of shifts in political power (so long as it benefits you financially) doesn't really qualify you as "apolitical." You're still involved in the political process even if you stick your fingers in your ears and chant "nananana I can't hear you."

I hate to sound incisive, but it kind of seems like the position that Coinbase's leadership has taken is "The board and CEO will decide what qualifies as 'apolitical' and as such will dictate the ongoing political activity of the company, which they have no desire to stop being involved in."

Re: A follow up to Coinbase being a mission focused company

#85
I could see this working out badly.

I think Coinbase will now attract/retain fewer conscientious employees. The kind of employees who definitely won't leave are the ones with careerist/mercenary personality types. If that becomes a vicious cycle ( per the 'like attracts like' thing https://youtu.be/wTgQ2PBiz-g?t=75 ), the culture could lead to wide-spread ass-covering and fraud.

Then again, this isn't an area in which I have some particular expertise. Maybe it will work out perfectly.

Re: A follow up to Coinbase being a mission focused company

#86

I mean, I usually look for another job every year or two. If someone is also willing to pay me lavish amounts of money to do that and take a trip across Europe in between, please sign me up.

why? typically RSUs/signing bonus vest over 4 years period

At least in finance (I realize HN is FAANG/SV focused), the signing bonus typically vests in 12-18 months. Finance also offers cash bonuses instead of RSUs. Finance also typically has paid leave built into the contract as a noncompete.

Re: A follow up to Coinbase being a mission focused company

#87
post #77

Of course, it's impossible to know now, but I wonder how many people would've still left if there was no exit package. It's possible some decided they wanted to work somewhere else and saw a way out.

That's just what I was thinking: if I were in a job I was on the margin of leaving anyway, and an exit package were offered, that might be sufficient to make me make the move.

Re: A follow up to Coinbase being a mission focused company

#88
post #45
post #15

I don't think it can be understated how much saying 'no politics' is a political statement. Supporting the status quo is a political statement. And supporting the status quo in this political climate is a strange hill to plant your flag on.

This idea of "everything is political" is why the discourse went to shit, now nobody can catch a break from politics, and if you had enough and don't want to take part then you instantly gets attacked for "supporting the status quo". I prefer to not be lectured on political issues by my orange juice brand. Their mission should be to sell high quality orange juice and make a profit.

Is it really an attack though? Supporting the status quo (by objecting to discussions about changing it) is the perceived state. Is it an attack, to observe this?

I understand folks feel uncomfortable talking about systemic bias. Especially if they don't suffer from it. But that's exactly the issue of status quo vs change - getting folks to notice/discuss it. So there can be change, which requires the comfortable to change too.

Re: A follow up to Coinbase being a mission focused company

#90
I can’t think of a worse way to handle this situation.

Sure, I’m not sure what the answer is. Then again, I’m not a professional HR person who is supposed to be trained in handling these issues.

Having 5% of your workforce quit over nothing more than messaging is a catastrophic failure in people management.

Outright political speech bans at companies may be perfectly justified, but it’s usually the case that work environments that have a habit of outright banning things are stifling to be a part of. I’m sure this isn’t the first time that employees have heard tone-deaf messaging from corporate, and being offered some money to leave on the heels of some more time-deafness must have been appealing.

It’s not hard to have policies and training rooted in being empathetic and respectful toward others. That way you don’t have to ban difficult topics. Conversations between coworkers being excessively policed never feels good.

Asking people to always be work robots is completely unreasonable - lifelong friendships and marriages happen with coworkers. We are human, social creatures. Things happen in the world and we spend most of our weekday life at work, so we often need other people at work to talk with about them.

I think the CEO’s refusal to take a stance on whether Black Lives Matter is a stance in itself. It’s hard not to assume that he doesn’t agree with the organization or the statement, even if that’s not the case. And while the movement is in some way political, in most ways the organization and the phrase simply stands for the idea that, well, Black Lives Matter. It’s simply a marginalized group seeking equal treatment, and there really shouldn’t be anything political about being treated as an equal.

Of course, the reactionaries in our world always demand that we think otherwise: that we should be considerate of their views on keeping women, certain races and ethnicities, the differently abled, or people with the “wrong” faith as second-class citizens. They want us to consider these fundamentally flawed views as if they are on equal plane as a valid “other side” of the coin, as if it’s simple political disagreement. In reality, their viewpoints were never acceptable, we’ve just had to suffer through them.

There’s nothing political about telling someone through words and actions that they matter, and treating those people with equal protections and rights in the criminal justice system.

As an anecdote, my employer had no problem proclaiming support for Black lives. We have Black employees, of course we should agree that Black Lives Matter. And of course we can have difficult conversations among our coworkers, as long as we know how to listen to each other. This is where HR comes in to help train and guide around keeping those conversations productive and beneficial to everyone, because people grow by having their viewpoints challenged and expanded - and that can happen at work!

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