Coinbase’s chief product officer will leave with a $105M payday • Hacker News Board

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

#101

Post by edgyquant » Wed, Jan 25, 2023, 4:55 PM UTC

itg wrote: post #28

I bet the 950 people let go a few weeks ago and the 1,100 let go back in June must love hearing this news.

A needed dip in the bubble and all of the sudden HN goes from market capitalist to left leaning. This person sold their stock, the time for employees to complain was when he was given this equity a couple of years ago.

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

#102

Post by yamtaddle » Wed, Jan 25, 2023, 4:56 PM UTC

soperj wrote: post #90

yamtaddle wrote: post #41

Earlier quoted context omitted.

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.

I mean, who's ripping off? It's a legal contract.

Why does having a contract eliminate the possibility of getting ripped off? Tons of places commonly associated with ripping people off use contracts to do it. Car lots, telcos. Banks.

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

#103

Post by pastor_bob » Wed, Jan 25, 2023, 4:57 PM UTC

leesec wrote: 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.

These tech companies just print shares for comp like its nothing

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

#104

Post by simonw » Wed, Jan 25, 2023, 4:57 PM UTC

MuffinFlavored wrote: post #31

phillipcarter wrote: post #10

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-...

My understanding is that his big project was the release of the Coinbase NFT marketplace.

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

#105

Post by arcturus17 » Wed, Jan 25, 2023, 4:57 PM UTC

phillipcarter wrote: post #10

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.

He's walking with around a sixth of all money raised by the company [1]

Might as well treat the execs and all VCs involved to a luxurious "fuck you" dinner!

[1] https://www.crunchbase.com/organization/coinbase/company_fin...

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

#106

Post by haney » Wed, Jan 25, 2023, 4:57 PM UTC

I think it's time for me transition into a product role...

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

#107

Post by kredd » Wed, Jan 25, 2023, 4:57 PM UTC

cm2187 wrote: post #87

The biggest news in this article is that coinbase is still worth over $10bn. The crypto scam looks dead but it's still moving.

NKLA market cap still hovers around $1.3B. So yeah, anything is possible.

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

#108

Post by atomicnumber3 » Wed, Jan 25, 2023, 4:58 PM UTC

dotcoma wrote: post #67

>Coinbase’s chief product officer will leave with a $105M payday in US dollars and not in crypto-baloney, let us add.

That's an insult to baloney - at least baloney has the intrinsic value wherein it can be metabolized into calories.

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

#109

Post by mauvehaus » Wed, Jan 25, 2023, 4:58 PM UTC

EGreg wrote: post #55

protonbob wrote: post #44

Earlier quoted context omitted.

Dang is Coinbase collapsing?

What would dang know about it?

I think GP accidentally some punctuation. It probably ought to be read as "Dang! Is Coinbase collapsing?"

In another place where "dang" couldn't be mistaken for a person, "Dang, is Coinbase collapsing?" would also be acceptable.

Remember folks: Punctuation is the difference between "Let's eat, Grandma" and "Let's eat Grandma".

(And capitalization is the difference between "I helped my Uncle Jack off a horse" and something else entirely...)

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

#110

Post by Forgeties79 » Wed, Jan 25, 2023, 4:58 PM UTC

_Algernon_ wrote: post #94

Forgeties79 wrote: post #76

Earlier quoted context omitted.

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.

Handling them is not the same as preventing them.

Fair enough. Don't personally agree but seems I've kicked a hornet's nest here.