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Coinbase’s chief product officer will leave with a $105M payday

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Re: Coinbase’s chief product officer will leave with a $105M payday

#41

Earlier quoted context omitted.

I can't tell if you're serious or not (the aspire towards part).

100% serious. If capital is planning on being this dumb, as labor I have no problem whatsoever relieving them of their monetary burdens.

I'm surprised anyone thinks this might not be intended seriously. It's a pretty common sentiment among the working class. Stole from the little people? You suck. Ripped off the owning class? Nice job, please do more of that.

Re: Coinbase’s chief product officer will leave with a $105M payday

#42

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.

The good old a16z heist. Rugpull on investors after.

Re: Coinbase’s chief product officer will leave with a $105M payday

#43

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.

These comments don’t really address opportunity costs. It’s the same concept where why are we paying non profit CEOs so much but when you think about it those CEOs could have just worked for a much higher salary anywhere else .

The cheap money era is gone now though.

Re: Coinbase’s chief product officer will leave with a $105M payday

#44

Earlier quoted context omitted.

> 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-...

The literal collapse of an institution is a pretty A+ indicator of failure of leadership

Dang is Coinbase collapsing?

Re: Coinbase’s chief product officer will leave with a $105M payday

#45

Earlier quoted context omitted.

> 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-...

The literal collapse of an institution is a pretty A+ indicator of failure of leadership

Not necessarily. If your market evaporates, you can't really blame it on product.

Re: Coinbase’s chief product officer will leave with a $105M payday

#46
post #17

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 makes you say the value of their contribution is minor? Is there some public basis for that sort of claim to be found elsewhere?

https://twitter.com/Carnage4Life/status/1522046933258293248

This is his legacy

Re: Coinbase’s chief product officer will leave with a $105M payday

#47
post #8

One of the biggest compensation packages I've ever heard of (600M+ in 5 years) and he walked away a year in. Wow.

I doubt he voluntarily walked away…the only product he launched, the Coinbase NFT marketplace, flopped and the general crypto slump has also affected the company.

> “As our product leaders have taken on more responsibility, I've been able to consider taking a much-needed personal break to spend more time with my family. It has been a tough year for me personally — my father was diagnosed with Alzheimer's disease, and my mother passed away unexpectedly. If I'm honest with myself, I don't think I've allowed myself time to grieve either yet,” he wrote in a recent LinkedIn post.

https://www.linkedin.com/pulse/reflecting-my-crypto-web3-jou...

Maybe these people absolutely no heart at all but I'd be a tiny bit surprised if he actually mentioned his mothers death and father getting Alzheimer's as the reason for leaving when in reality he was fired.

Re: Coinbase’s chief product officer will leave with a $105M payday

#48

Earlier quoted context omitted.

The literal collapse of an institution is a pretty A+ indicator of failure of leadership

Not necessarily. If your market evaporates, you can't really blame it on product.

>If your market evaporates, you can't really blame it on product.

Come again?

Re: Coinbase’s chief product officer will leave with a $105M payday

#49
post #18

Earlier quoted context omitted.

It's not that misleading. This isn't an early employee who held onto his shares. He joined less than two years ago. He got an insanely high compensation package.

On the bright side, Coinbase launched a lot of high-value new products during the last two years that will help the company thrive and grow in the coming years.

Indistinguishable from parody...

What would be an example of a new product that will help the company thrive?

Re: Coinbase’s chief product officer will leave with a $105M payday

#50
post #20

This seems like an awfully high compensation package for someone who only joined around the time of the IPO.

I can’t think of anything CB put out during his tenure that was interesting at all. IIRC, he was a driving the push for Coinbase NFT which flopped massively.

Not sure the exact timeline for these, but what about staking and yields, integration of Coinbase Pro with the main site, and a more robust Tax Center? Those all seemed pretty useful to me. Pretty sure all those were within the last couple of years.
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