At least he didn't talk about politics at work. Can't put a price tag on that!
Coinbase’s chief product officer will leave with a $105M payday
161–170 of 391 posts
Re: Coinbase’s chief product officer will leave with a $105M payday
#162Earlier 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.
Yeah but that's not what Coinbase was. It was a industry leader. I think we can blame industry leaders if the industry evaporates like this.
Re: Coinbase’s chief product officer will leave with a $105M payday
#163It seems completely crazy that they'd need to pay him $600m of equity at signing. Like why not close him with a package of (say) $200m? Even if he was making $5m annual TC at Google, that would still be 10x his comp in equity alone.
This of course is not what happened. The article explains. He was granted stock at a much (much) cheaper price.
Re: Coinbase’s chief product officer will leave with a $105M payday
#164Earlier quoted context omitted.
Coinbase didn’t do enough to thwart the massive fraud and youtube-deepfake-powered-heists going on. Lots of sheep lost lots of money and look where we are now. The crypto winter will last 50 years.
"Crypto winter" as a term of art assumes that any other season is reasonable.
It's not about reasonable, it's about reality, right? Like crypto in it's short history has seen summers and winters.
Re: Coinbase’s chief product officer will leave with a $105M payday
#165I bet the 950 people let go a few weeks ago and the 1,100 let go back in June must love hearing this news.
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Re: Coinbase’s chief product officer will leave with a $105M payday
#166Earlier quoted context omitted.
The shovel manufacturer made a bad product decision to not pivot when the mines were becoming empty.
Should Charles Schwab start selling dildos every time there's a recession?
If that's the only choice when the other option is going out of business, sure?
Re: Coinbase’s chief product officer will leave with a $105M payday
#167Earlier quoted context omitted.
>If your market evaporates, you can't really blame it on product. Come again?
It means that nobody could have prevented the crypto market collapse from the position of a Coinbase Chief Product Officer.
I think that's the best place to prevent collapse. They were industry leaders, for some time at least. They funded a bunch of things which turned out to be scams, biggest one being FTX. If internet collapses, I think google will be a bit to blame, no?
Re: Coinbase’s chief product officer will leave with a $105M payday
#168Earlier 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.
This is like saying banks should not manage risk. I am sure that if you put your bucks in a bank account you want to seem them there when you check your balances otherwise you know who you will be blaming.
Also, ask CEOs and Chief Risk Officers from financial institutions if they worry about evaporations. I am not surprised though about him walking away with the money and your comment in the crypto world.
Re: Coinbase’s chief product officer will leave with a $105M payday
#169I wonder if Congress plans to do anything about executive compensation yet.
Yeah, I hate it when people exchange money for goods and services in a non-coercive, mutually agreed transaction. There oughta be a law!
These executive salaries ara usually shareholder's money (like the whole business), and the problem is that shareholders are often too distributed and don't have enough control to do anything about it.
Re: Coinbase’s chief product officer will leave with a $105M payday
#170I'm always intrigued at people's carriers and where exactly the inflection point was. Looking at Surojit's career, it went something like this: BS in CS at Kharagput, something like a US T2 university MS in CS at Buffalo, something like a T2 univeristy, Spend some years at IBM and Oracle as a developer/senior developer 200k/year ? MIT Sloan MBA T1 world class PM/Senior PM at Symantec for a year 200-300k/year? Head of…
Jumping between big companies and small companies isn't a bad career strategy.
Small companies like the brand names, but you can take big steps up in title in the small companies and startups.
I did it myself, though it was accident of history rather than being planned.