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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

#231

Post by spaceman_2020 »

nlitened wrote: post #145
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.

Everybody is free to start their own businesses or to get hired as a CPO at a booming startup. I see a lot of people complaining, but not that many actually using those very simple rigged opportunities to make 100M fast.

I understand starting a business, but pulling off the kind of career moves the executive in question pulled off requires a level of grift that most honest people can't really fathom.

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

#232

Post by nsxwolf »

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…

It encourages me to think that I may still yet have an inflection point.

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

#233

Post by [deleted] »

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…

[deleted]

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

#235

Post by samstave »

Psyonic wrote: post #214
samstave wrote: post #120

Earlier quoted context omitted.

dont forget how much google is still paying android founder's golden parachute after the many sexual accusations against him... I think he beats this.

yes, but "android founder." What great product innovation did this guy pioneer at CB? Any justification at all for a $100M payday?

Fair, but the issue was being paid $90,000,000 a year to leave the company because too many women accused him of sexual assault....

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

#236

Post by spaceman_2020 »

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.

man, I should have done that MBA...

Edit: To be fair, the top guy is also the company's founder. Props to him.

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

#237

Post by lelanthran »

logicallee wrote: post #195
arcticbull wrote: post #174

Earlier quoted context omitted.

Generally I agree but this is crypto. Crypto is 100% zero-sum or negative-sum. The whole space is predicated on trying to take money from other participants rather than actually creating value. Creating at best the illusion of value is the goal. This guy nailed it. It's not like he took $100M from an orphanage or something.

I agree that crypto is 100% negative-sum in my experience. (Especially the ones that are proof of work which literally destroys our one biosphere through wasting electricity.) Most recently, I got a "legitimate" (doxxed, "real") job offer via HN, got hired and scammed, wasted hours of my time. Crypto is scamsville.

I'd like to hear more about this.

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

#238

Post by louwrentius »

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.

They see themselves as temporary embarrassed millionaires.

Hoping to become part of the owning class instead of the working class.

Yet this will never happen for the vast, vast majority. But please worship PG some more.

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

#239

Post by samstave »

newswasboring wrote: post #209
samstave wrote: post #139

Earlier quoted context omitted.

>> 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.

True, but her "foundation" was taking 'donations' and paying her ~$450,000 a year as ceo...

And then evaporated I believe and dont think she had any impact on the problem.

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

#240

Post by namdnay »

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…

Which countries have you lived in? Fleecing large orgs (corporations, the government etc) is seen as a Robin Hood virtue in many if not most countries in the world.
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