91–100 of 391 posts
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.
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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.
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It means that nobody could have prevented the crypto market collapse from the position of a Coinbase Chief Product Officer.
I mean...we've seen these massive boom and bust cycles over and over again. So yeah I do sort of expect the Chief Product Officer to have some clue how to handle them. It's not like it was out of the blue.
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Dang is Coinbase collapsing?
bitcoin is up 25% in a month : https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD
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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.
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)
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> “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. h…
What a POS - we had to continue to work while caring for a family member with Alzheimer's, their death, and the death of another family member. I'm sure many of his reports had to continue to work though similar situations.
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)