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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#361

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

>Second, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in! This comment is really, really tone-deaf. People can believe strongly in the vision and mission of a company while also feeling strongly that upper leadership is steering it in the wrong direction and/or making decisions that negatively impact the compan…

[deleted]

Re: Coinbase employees petition to remove execs

#362

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

This will probably never be read, but I'll say it anyway. Not an employee or shareholder, but a Coinbase user here. The CEO responding to petitions like this on Twitter in a childish and heated manner is reducing my confidence in Coinbase as a company. The same might be true for other users who are watching. You are the CEO of a public company, and will have to see many such petitions over the course of your career i…

Also not an employee or shareholder, but a Coinbase user. I don't know that Brian's set of tweets does anything to my confidence in Coinbase as a company. These tweets are trivial.

The biggest threat to my confidence about Coinbase is the structural parts of it, the fact that they are a growing centralized for-profit company responsible for a large amount of assets.

On this trivial (to me, maybe not to Coinbase) Twitter matter: I can see how both sides would go public like this. If you are an internal employee and you think there are C-level personnel changes that should be made, the odds are definitely not in your favor to propose such a thing internally. The risk is high that there will be retribution (whether direct or indirect). Going public is a way to drive attention to the issues, and incentivize that execs act in a legal manner in their responses.

I can also see why Brian would want to address this. Employees are airing their dirty laundry publicly. Shareholders and users can see this. If all you saw was this petition, it would certainly raise a lot of questions. It needs to be addressed in the arena in which it was surfaced by leadership. Where I think Brian is going wrong is he is being 100% defensive and 0% open-minded/empathetic. What about Coinbase's environment led to employees feeling the need to go public like this? This should be a time for some introspection, to hopefully ensure this doesn't happen again.

Re: Coinbase employees petition to remove execs

#363

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

Yikes. Insulting your employees is not a good look. > We praise in public and criticize in private But you’re criticizing employees in public right now? As the CEO and founder I think you need to be receptive to criticism and take it on the chin. This tweet reads as if it was written in a frustrated, spontaneous episode. That’s also not a really inspiring look for outsiders or investors. Best of luck, I’m moving over…

I get where you're coming from - this response seemed overly harsh. But I do think there's an important difference - this petition is anonymous and criticizes three people by name. Armstrong's response criticizes nobody by name (he couldn't!)

Re: Coinbase employees petition to remove execs

#364

Earlier quoted context omitted.

I lived it. It sucked. Only the dumb ones got cancelled. The smart ones kept their heads down or got new jobs. The team was defined by mediocrity. Mediocrity in hiring, in execution, in quality. But oh were they ever so woke.

What kind of company was this? I do contracting and have worked a lot of places, big and small, but have never seen anything remotely like this. Perhaps it's a matter of perspective? Would you say e.g. James Damore was "cancelled", rather than being fired for discriminatory statements that an NLRB lawyer described as "so harmful, discriminatory, and disruptive as to be unprotected"?

Damore was cancelled and a woke NLRB lawyer making things up to ensure his cancellation stuck doesn't mean anything beyond the NLRB being just one more corrupted organization on top of so many others. Obviously, if you think Damore is actually a terrible person then you're a part of the problem, and not going to perceive anything as woke regardless of how many other people find it crazy.

Re: Coinbase employees petition to remove execs

#366

Earlier quoted context omitted.

> if you get caught you will be fired Retaliation?

Sure, but not in an illegal way, I think its warranted. Its one thing to post the recall letter internally but to publicly bash your employer and call for the firing of others and expect to keep your job is insanity. They could have easily rewritten the letter to be less inflammatory, identified the problems, proposed solutions that did not target individual leaders and posted it on an internal board. We are at a str…

Now, I am no lawyer, but i am pretty sure that this would fall under "discussion of workplace conditions" - a type of speech in California protected by the labour code and not allowed to be retaliated against.

Re: Coinbase employees petition to remove execs

#367

Earlier quoted context omitted.

There are a lot of people that agree with the petitioner, but employees aren’t given an open forum to talk about internal problems. If you talk about things that are wrong too much with your manager, you get marked down for not being positive. There’s no “free speech” internally and it is a pretty oppressive environment in that it doesn’t feel safe to express yourself to anyone.

Was Coinbase the company that paid-off employees to leave when it implemented the "no politics at work" policy? I had my suspicions that this would result in chilling /suppression of dissent as "politics".

nah that was DHH's company. I honestly forget what it was called. yo?

Re: Coinbase employees petition to remove execs

#368

Companies should only hire entrepreneurs and engineers who has proven track record as builders as execs. Hiring people from business schools and non engineers as execs is the stupidest thing you can do for long term sucess of the company. Hire builders. Not resume builders.

Sheryl Sandberg - Facebook COO - Harvard MBA // David Wehner - Meta CFO - Former investment banker // Zachary Kirkhorn - Tesla CFO - Engineer, but also Harvard MBA // Brian Olavsky - Amazon CFO - Carnegie Mellon MBA // Ruth Porat - Alphabet CFO - Wharton MBA

going to have to counter you on the Kirkhorn one, nary a line of code in sight unless you've got something else.

https://en.wikipedia.org/wiki/Zach_Kirkhorn

Re: Coinbase employees petition to remove execs

#369

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

As others said this tweet feels childish for a CEO of a public company. Also, responding to it on Twitter this way can't be in the best interest of shareholders because you are making it way more heated and thus accelerating the spread of the bad look of your company.

Re: Coinbase employees petition to remove execs

#370
post #359

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

“If you're unhappy about something, work as part of the team to raise it along with proposed solutions (it's easy to be a critic, harder to be a part of the solution). If you can't do that and you're going to leak/rant externally then quit. Thanks!” The amount of blatant hypocrisy in this tweet is mindblowing. If I knew I wasn’t smart enough to run a company I’d at the very least get someone to proofread my tweets be…

According to this tweet Brian should just quit
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