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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

#181

Post by rcme »

munk-a wrote: post #140
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.

This philosophy of praising exploitation is actually one of the things I liked least about America and one of the things I found most refreshing when I emigrated. It's pervasive through American society that pulling the wool over the eyes of shadowy entities (large corporations, the government etc...) is a virtue but every time it's done it pulls a lot of money out of the hands of people that could use it more and fu…

I agree. And often, people don't draw the line at corporations. So many people in America are willing to screw over others if it means another dollar in their pocket.

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

#182

Post by theGnuMe »

jacobsenscott wrote: post #82
capableweb wrote: post #47

Earlier quoted context omitted.

> “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 why we need robust paid family medical leave as a society.

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

#183

Post by breck »

tdullien wrote: post #21

As someone who has lost his mother unexpectedly last year, and my father suffered from a brain hemorrhage leading to dementia ... and I can very much empathize with the instinct to stop working and take a long break.

Sorry for your losses. I hope you are doing okay and are taking a long break if that's what you desire...but not too long. The world benefits from your software and insights.

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

#184

Post by logicallee »

anamexis wrote: post #153
munk-a wrote: post #140

Earlier quoted context omitted.

This philosophy of praising exploitation is actually one of the things I liked least about America and one of the things I found most refreshing when I emigrated. It's pervasive through American society that pulling the wool over the eyes of shadowy entities (large corporations, the government etc...) is a virtue but every time it's done it pulls a lot of money out of the hands of people that could use it more and fu…

For what it's worth, I think GP was being sarcastic.

EDIT: apparently I was wrong and the poster was not sarcastic.

(I thought it was Poe's law.)

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

#186

Post by [deleted] »

anamexis wrote: post #153
munk-a wrote: post #140

Earlier quoted context omitted.

This philosophy of praising exploitation is actually one of the things I liked least about America and one of the things I found most refreshing when I emigrated. It's pervasive through American society that pulling the wool over the eyes of shadowy entities (large corporations, the government etc...) is a virtue but every time it's done it pulls a lot of money out of the hands of people that could use it more and fu…

For what it's worth, I think GP was being sarcastic.

[deleted]

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

#187

Post by jstx1 »

TomSwirly wrote: post #146
jstx1 wrote: post #73

Earlier quoted context omitted.

It means that nobody could have prevented the crypto market collapse from the position of a Coinbase Chief Product Officer.

1. He tried to sell a product 2. This product turns out to be a scam 3. His fault for trying to sell a scam That this crook extracts $100 million for this is a symptom of a broken society.

Coinbase is not a scam - the service they provide is the buying and selling of cryptocurrency which they do just fine. I don't like crypto either but calling everything related to it a scam is just intellectually lazy.

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

#188

Post by rjh29 »

mathverse wrote: post #81

Full time employment is rigged. For everyone. Tech workers are just now waking up to the reality that they are the same disposable peasants like all the rest. Seeing this kind of compensation and thinking .. oh well that guy must have done hell of a job must be some kind of delusion.

He was a full-time employee - VP at Google before, and a PM before that... at least $300-500k/year, is that not enough or something? How does one of the highest salaried jobs around make you a 'disposable peasant'? Do you just go through life not knowing anyone on an 'average' income?

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

#189

Post by beisner »

munk-a wrote: post #140
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.

This philosophy of praising exploitation is actually one of the things I liked least about America and one of the things I found most refreshing when I emigrated. It's pervasive through American society that pulling the wool over the eyes of shadowy entities (large corporations, the government etc...) is a virtue but every time it's done it pulls a lot of money out of the hands of people that could use it more and fu…

I think it's more of a sarcastic / cynical take - kind of a "you reap what you sow" sentiment. This IS what capitalism is, with a weak social safety net and without controls on the accumulation of stupid levels of capital. If you don't believe that the people who invested in Coinbase should have had the ability to fling around billions of dollars on a whim, then it's difficult to feel bad when they spend it poorly.

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

#190

Post by chadlavi »

gymbeaux wrote: post #128

Not too long ago I was playing the stock market with some spare cash and a trend I noticed was that these companies that lost more money than they were able to generate, all had well-paid executives. So you have a company that reports say a $100M loss one quarter, well it would turn out a sizable chunk of that was executive compensation. I’m not sure how I feel about execs making really any money before they’ve made…

I for one am very sure about how I feel about that
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