31–40 of 391 posts
All I can say is, damn, props to him. Tricking the coinbase execs into giving him one of the highest paying packages for any product exec in history and delivering so little value in return is the kind of heist we should all aspire towards.
How do we evaluate/measure if that is true or not?
https://knowyourmeme.com/memes/thats-just-like-your-opinion-...
All I can say is, damn, props to him. Tricking the coinbase execs into giving him one of the highest paying packages for any product exec in history and delivering so little value in return is the kind of heist we should all aspire towards.
> and delivering so little value in return is the kind of heist How do we evaluate/measure if that is true or not? https://knowyourmeme.com/memes/thats-just-like-your-opinion-...
Yes, because he got stock as part of his compensation package. Last year it was worth more, but it's still worth a lot. If the product hadn't been successful, it would have been worth nothing. It's not a mystery at all.
> If the product hadn't been successful, it would have been worth nothing. It's not a mystery at all. The stock is down -84.99% from IPO, seems like so far (accordingly shareholders and the financial market), the product is indeed not very successful because if it was, the price would go up, not down. So he did a poor job, and now when sold his part of it, he got $105M.
Or (at least partially) the surrounding market conditions have changed into unfavorable conditions for a company like Coinbase
Should a product officer be judged on whether the economy/financial markets change their mind on the value of risky things like crypto?
Plus the FTX thing most likely isn't a product officer's fault
Earlier quoted context omitted.
What makes you say the value of their contribution is minor? Is there some public basis for that sort of claim to be found elsewhere?
Coinbase is down 88% from all time highs, and slightly less from its IPO. Coinbase has an $11.6b market cap which means he extracted a little under 1% of the entire company’s value in two years.
This has nothing to do with "product", though.
Memestocks are down ~80%. Crypto prices down ~70%. Volumes are down even more in many segments... >97% for NFTs.
Just because Coinbase was at one time valued almost 10x what it is now, doesn't mean that was the correct value - and "product" ruined it.
> It was announced on Jan. 10, 2022 that Coinbase would be slashing its workforce by about 20% (which translates to 950 employees) in an effort to reduce overall operating expenses by 25%.
> This is the second round of layoffs for the crypto exchange, as they laid off 18% of the workforce last June as the crypto winter sets in and the space attempts to recover from the disastrous year.
why exactly is this guy getting $105m again?
All I can say is, damn, props to him. Tricking the coinbase execs into giving him one of the highest paying packages for any product exec in history and delivering so little value in return is the kind of heist we should all aspire towards.
What exactly is this site solving? I'm asking because I don't know