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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

#51

Post by rco8786 »

protonbob wrote: post #44
SQueeeeeL wrote: post #32

Earlier quoted context omitted.

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

Dang is Coinbase collapsing?

Collapsing is a strong word, but their very tightly tied to whatever the crypto market is doing..which is not good at the moment.

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

#54

Post by swyx »

newbie578 wrote: post #5

This is surreal to read. Can anyone please explain how is it possible for the board to value so much someone? I don't see what can possibly justify this kind of compensation...

not so much the board as Brian Armstrong himself. he seems to have a history of very dubious C-suite hires, including acquihiring Balaji's Earn.com for $100m and constantly talking up his impact when it turned out to be.. a shitty e-learning platform (https://www.coinbase.com/learning-rewards)

(i know i sound negative about all this but if i'm mistaken about Earn please correct me)

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

#56

Post by insane_dreamer »

jnwatson wrote: post #45
SQueeeeeL wrote: post #32

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.

> you can't really blame it on product

indeed you can

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

#57

Post by capableweb »

MuffinFlavored wrote: post #35
capableweb wrote: post #29

Earlier quoted context omitted.

> 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.

> So he did a poor job 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

Ok, bypassing anything regarding the macro-economic situation, how has the Coinbase product (successfully) changed since he was introduced in the company? As far as I know, the only change visible to users is the NFT thing, and we all know how that went.

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

#58

Post by swyx »

rco8786 wrote: post #51
protonbob wrote: post #44

Earlier quoted context omitted.

Dang is Coinbase collapsing?

Collapsing is a strong word, but their very tightly tied to whatever the crypto market is doing..which is not good at the moment.

eh. BTC is up 40% year to date. FTX may have been the bottom of this cycle.

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

#59

Post by extr »

jnwatson wrote: post #49
__derek__ wrote: post #26

Earlier quoted context omitted.

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?

It's indistinguishable because he is in fact making a joke.
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