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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

#201

Post by unicornmama »

ctvo wrote: post #62
__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.

Examples please.

Coinbase Pets: A custody management solution for storing and transferring pet ownership certificates on the blockchain.

Coinbase Recipies: Cooking recipes stores and exchanged on the blockchain.

Coinbase Ponzi: Turnkey service to create, launch and list your new tokens. Whitepaper generated through partnership with ChatGPT. A16Z investment guaranteed.

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

#202

Post by FlyingSnake »

matthewaveryusa wrote: post #159

I'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…

Since when IIT Kharagpur is Tier 2?

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

#203

Post by alphabetting »

TrackerFF wrote: post #179

I checked the list they refered to: https://www.equilar.com/reports/95-table-equilar-new-york-ti... And damn, top guy got paid almost a billion. Also, the top two guys are Brigham Young alumni.

All the FAANG CEOs are represented besides Sundar Pichai. I looked it up and his compensation was $2M ($6M with stock). Wild that the Amazon CEO got paid over $200M more than him.

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

#204

Post by spamizbad »

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…

It's because he exploited wealthy people.

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

#205

Post by spaceman_2020 »

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-...

wasn't he in charge of their NFT product?

This is pretty telling: https://dune.com/cryptuschrist/Coinbase-NFT

$482 worth of volume traded in the last 24 hours. I don't know what their fees are, but if its like OpenSea (2.5%), then they made...$12 yesterday.

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

#206

Post by newswasboring »

tempsy wrote: post #171
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.

Coinbase seems to have from the very beginning overindexed on "resume" hires and not people who actually care about crypto eg Ivy League/Google/TradFi hires.

That the most unique take I've read on this. Any more details or are you just speaking from experience?

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

#207

Post by jahsome »

logicallee wrote: post #184
anamexis wrote: post #153

Earlier quoted context omitted.

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.)

They replied the statement was not sarcastic and doubled down.

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

#208

Post by loeg »

spamizbad wrote: post #204
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…

It's because he exploited wealthy people.

Nah, it's because he exploited crypto people.

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

#209

Post by newswasboring »

samstave wrote: post #139
zitterbewegung wrote: post #43

Earlier quoted context omitted.

These comments don’t really address opportunity costs. It’s the same concept where why are we paying non profit CEOs so much but when you think about it those CEOs could have just worked for a much higher salary anywhere else . The cheap money era is gone now though.

>> why are we paying non profit CEOs And anyone with a "foundation" (recall sarah palin's daughter getting paid some ridiculous amount for her :foundation" to fight teen-pregnancy after been a pregnant teen??

Fwiw I would trust a person who has gone through teen pregnancy to understand what kind problems it has. Just like people who didn't get to go to good schools establish scholarships. In isolation, those are the people who will understand the issue much more.

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

#210

Post by shuckles »

spamizbad wrote: post #204
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…

It's because he exploited wealthy people.

Always surprising to me how many peoples’ moral framework is essentially the Code of Hammurabi with a few layers of indirection.
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